Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.57 Consensus Price Target from Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have earned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $20.57.

FIHL has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group reissued a “sell” rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. UBS Group raised their price target on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, Barclays lowered their price target on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 20th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. R Squared Ltd bought a new position in Fidelis Insurance during the fourth quarter valued at about $26,000. Venturi Wealth Management LLC boosted its stake in Fidelis Insurance by 1,862.9% during the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock valued at $111,000 after buying an additional 5,831 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Fidelis Insurance in the 3rd quarter valued at $195,000. Fox Run Management L.L.C. acquired a new position in shares of Fidelis Insurance in the 4th quarter valued at $235,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Fidelis Insurance in the 4th quarter valued at $247,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Stock Performance

FIHL stock opened at $15.59 on Friday. Fidelis Insurance has a 12-month low of $14.17 and a 12-month high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $15.88 and its 200 day simple moving average is $17.49. The firm has a market cap of $1.74 billion, a P/E ratio of 3.94 and a beta of 0.61.

Fidelis Insurance (NYSE:FIHL) last issued its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The company had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. As a group, equities research analysts predict that Fidelis Insurance will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.57%. Fidelis Insurance’s dividend payout ratio is currently 42.55%.

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.