Fidelis Insurance Holdings Limited Plans Quarterly Dividend of $0.10 (NYSE:FIHL)

Fidelis Insurance Holdings Limited (NYSE:FIHL) announced a quarterly dividend on Monday, November 4th,NASDAQ Dividends reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.10 per share on Friday, December 20th. This represents a $0.40 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, November 29th.

Fidelis Insurance has a payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelis Insurance to earn $3.86 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.4%.

Fidelis Insurance Stock Up 0.4 %

FIHL stock opened at $20.66 on Thursday. The firm’s 50-day simple moving average is $18.38 and its 200 day simple moving average is $17.59. The stock has a market cap of $2.44 billion, a PE ratio of 5.22 and a beta of -0.01. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance has a fifty-two week low of $11.55 and a fifty-two week high of $21.32.

Analysts Set New Price Targets

Several research firms recently commented on FIHL. Barclays began coverage on Fidelis Insurance in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 target price on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. JMP Securities reiterated a “market outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. Finally, The Goldman Sachs Group assumed coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 target price for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Fidelis Insurance has a consensus rating of “Hold” and an average price target of $20.69.

About Fidelis Insurance

Fidelis Insurance Holdings Limited, a specialty insurer, provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom. It operates in three segments: Specialty, Reinsurance, and Bespoke segments. The Specialty segment offers aviation and aerospace, energy, marine, property direct and facultative, and other specialty risk solutions.