Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Consensus Rating of “Hold” from Brokerages

Fidelis Insurance Holdings Limited (NYSE:FIHL) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $21.1429.

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelis Insurance in a research note on Monday, December 8th. Keefe, Bruyette & Woods decreased their price objective on Fidelis Insurance from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, November 14th. The Goldman Sachs Group increased their target price on Fidelis Insurance from $16.50 to $17.00 and gave the stock a “sell” rating in a report on Wednesday, November 19th. Barclays lifted their price target on shares of Fidelis Insurance from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Fidelis Insurance from a “strong sell” rating to a “hold” rating in a report on Thursday, September 11th.

Fidelis Insurance Trading Up 0.5%

NYSE:FIHL opened at $19.03 on Monday. Fidelis Insurance has a 12 month low of $14.17 and a 12 month high of $19.50. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of -380.68 and a beta of 0.25. The firm has a fifty day simple moving average of $18.49 and a two-hundred day simple moving average of $17.35.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.02. The firm had revenue of $651.90 million for the quarter, compared to analyst estimates of $676.79 million. Fidelis Insurance had a negative net margin of 0.56% and a negative return on equity of 0.94%. Analysts expect that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, December 10th. Fidelis Insurance’s dividend payout ratio is currently -1,200.00%.

Institutional Trading of Fidelis Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. North Capital Inc. purchased a new stake in shares of Fidelis Insurance in the second quarter worth approximately $33,000. Focus Partners Wealth bought a new stake in Fidelis Insurance during the third quarter worth $77,000. Ameritas Investment Partners Inc. raised its position in Fidelis Insurance by 15.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock valued at $101,000 after buying an additional 810 shares during the last quarter. CWM LLC lifted its stake in Fidelis Insurance by 444.4% during the 2nd quarter. CWM LLC now owns 7,131 shares of the company’s stock valued at $118,000 after acquiring an additional 5,821 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Fidelis Insurance by 58.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after acquiring an additional 2,885 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

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.