Fidelis Insurance (NYSE:FIHL) Sets New 12-Month Low – Time to Sell?

Fidelis Insurance Holdings Limited (NYSE:FIHL) shares reached a new 52-week low on Monday . The company traded as low as $14.26 and last traded at $14.41, with a volume of 101250 shares changing hands. The stock had previously closed at $14.52.

Wall Street Analyst Weigh In

FIHL has been the subject of a number of research analyst reports. Barclays reduced their price objective on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 20th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. The Goldman Sachs Group reissued a “sell” rating and issued a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, UBS Group decreased their target price on Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelis Insurance presently has a consensus rating of “Hold” and an average target price of $20.29.

Fidelis Insurance Stock Down 0.6 %

The stock’s fifty day simple moving average is $16.74 and its 200-day simple moving average is $17.88. The stock has a market cap of $1.70 billion, a P/E ratio of 3.64 and a beta of 0.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. As a group, research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio is currently 10.10%.

Institutional Trading of Fidelis Insurance

A number of institutional investors and hedge funds have recently made changes to their positions in FIHL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Fidelis Insurance by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company’s stock valued at $529,000 after purchasing an additional 661 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Fidelis Insurance by 4.4% in the third quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company’s stock valued at $327,000 after buying an additional 770 shares in the last quarter. R Squared Ltd bought a new position in Fidelis Insurance in the fourth quarter valued at about $26,000. Sterling Capital Management LLC raised its stake in Fidelis Insurance by 6.5% during the fourth quarter. Sterling Capital Management LLC now owns 23,889 shares of the company’s stock worth $433,000 after acquiring an additional 1,448 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Fidelis Insurance by 1.6% in the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock worth $1,656,000 after acquiring an additional 1,475 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Company Profile

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.