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

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $22.00.

A number of brokerages have recently issued reports on FIHL. Weiss Ratings restated a “hold (c)” rating on shares of Fidelis Insurance in a report on Monday, December 29th. Keefe, Bruyette & Woods increased their price objective on Fidelis Insurance from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group lifted their target price on Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, November 17th. The Goldman Sachs Group reissued a “sell” rating and set a $18.00 price objective on shares of Fidelis Insurance in a research report on Wednesday. Finally, Barclays boosted their price objective on shares of Fidelis Insurance from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th.

Fidelis Insurance Stock Up 0.8%

NYSE FIHL opened at $19.26 on Friday. The business’s fifty day simple moving average is $18.94 and its 200-day simple moving average is $17.68. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.13 billion, a PE ratio of -385.16 and a beta of 0.24. Fidelis Insurance has a 52 week low of $14.17 and a 52 week high of $19.83.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Wednesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.02. Fidelis Insurance had a negative net margin of 0.56% and a negative return on equity of 0.94%. The firm had revenue of $651.90 million during the quarter, compared to analysts’ expectations of $676.79 million. As a group, equities analysts anticipate that Fidelis Insurance will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, December 10th. Fidelis Insurance’s dividend payout ratio is currently -1,200.00%.

Institutional Trading of Fidelis Insurance

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIHL. Wealth Enhancement Advisory Services LLC acquired a new position in Fidelis Insurance during the fourth quarter worth $226,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of Fidelis Insurance by 26.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 466,233 shares of the company’s stock valued at $8,462,000 after buying an additional 97,545 shares during the period. Dark Forest Capital Management LP acquired a new position in Fidelis Insurance during the 3rd quarter worth about $748,000. Public Employees Retirement System of Ohio boosted its holdings in Fidelis Insurance by 11.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,747 shares of the company’s stock valued at $1,357,000 after acquiring an additional 7,746 shares during the period. Finally, Millennium Management LLC boosted its holdings in Fidelis Insurance by 113.9% during the 3rd quarter. Millennium Management LLC now owns 924,380 shares of the company’s stock valued at $16,777,000 after acquiring an additional 492,253 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

About Fidelis Insurance

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.