Fidelis Insurance Holdings Limited (NYSE:FIHL) Given Average Rating of “Hold” by Brokerages

Fidelis Insurance Holdings Limited (NYSE:FIHL) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.14.

Several research analysts have recently commented on FIHL shares. UBS Group raised their price objective on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Barclays decreased their price target on shares of Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, April 11th. Citigroup reiterated an “outperform” rating on shares of Fidelis Insurance in a research note on Friday, May 16th. Keefe, Bruyette & Woods decreased their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, JMP Securities lifted their price target on shares of Fidelis Insurance from $24.00 to $27.00 and gave the stock a “market outperform” rating in a research note on Friday, May 16th.

Fidelis Insurance Trading Down 1.3%

NYSE FIHL opened at $15.95 on Monday. The firm has a 50 day simple moving average of $16.74 and a 200-day simple moving average of $16.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.68 and a current ratio of 0.68. Fidelis Insurance has a one year low of $14.17 and a one year high of $21.32. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -122.65 and a beta of 0.34.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.02. Fidelis Insurance had a negative net margin of 0.41% and a positive return on equity of 0.20%. The business had revenue of $658.40 million during the quarter, compared to analyst estimates of $578.57 million. Equities research analysts anticipate that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a $0.10 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.51%. Fidelis Insurance’s dividend payout ratio is currently -307.69%.

Institutional Trading of Fidelis Insurance

Several institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Fidelis Insurance by 2.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company’s stock worth $529,000 after buying an additional 661 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Fidelis Insurance by 6.5% during the 4th quarter. Sterling Capital Management LLC now owns 23,889 shares of the company’s stock worth $433,000 after buying an additional 1,448 shares during the last quarter. Invesco Ltd. lifted its position in shares of Fidelis Insurance by 1.6% during the 4th quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock worth $1,656,000 after buying an additional 1,475 shares during the last quarter. Uniplan Investment Counsel Inc. lifted its position in shares of Fidelis Insurance by 0.9% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 208,868 shares of the company’s stock worth $3,384,000 after buying an additional 1,793 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Fidelis Insurance by 3.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company’s stock worth $1,167,000 after buying an additional 1,967 shares during the last quarter. Hedge funds and other 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.