Fidelis Insurance Holdings Limited (NYSE:FIHL) Given Average Rating of “Moderate Buy” by Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $18.94.

A number of brokerages recently commented on FIHL. Keefe, Bruyette & Woods upped their price target on shares of Fidelis Insurance from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on Fidelis Insurance from $17.00 to $17.50 and gave the stock a “neutral” rating in a research note on Monday, April 8th. UBS Group dropped their price target on Fidelis Insurance from $22.50 to $22.00 and set a “buy” rating for the company in a report on Tuesday, May 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price objective on shares of Fidelis Insurance in a report on Monday, April 15th.

Hedge Funds Weigh In On Fidelis Insurance

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank bought a new position in Fidelis Insurance in the third quarter valued at approximately $26,000. EntryPoint Capital LLC bought a new position in shares of Fidelis Insurance in the 1st quarter valued at $63,000. New York State Common Retirement Fund acquired a new position in shares of Fidelis Insurance during the 3rd quarter worth $53,000. Toronto Dominion Bank bought a new stake in shares of Fidelis Insurance during the 3rd quarter worth $73,000. Finally, Ameritas Investment Partners Inc. grew its position in Fidelis Insurance by 297.6% in the first quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company’s stock valued at $118,000 after acquiring an additional 4,523 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Stock Performance

FIHL opened at $18.53 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.19 billion and a price-to-earnings ratio of 4.50. Fidelis Insurance has a 12-month low of $11.55 and a 12-month high of $20.53. The business has a 50 day moving average of $18.87 and a 200-day moving average of $15.21.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $520.00 million for the quarter, compared to the consensus estimate of $585.88 million. Fidelis Insurance had a return on equity of 17.97% and a net margin of 23.31%. On average, equities research analysts expect that Fidelis Insurance will post 3.19 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, June 14th. Fidelis Insurance’s payout ratio is currently 9.71%.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.