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

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have received an average rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $21.9167.

A number of equities analysts have commented on the company. Weiss Ratings raised Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 6th. Wall Street Zen cut Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Keefe, Bruyette & Woods lifted their price target on Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Barclays lifted their price target on Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Finally, UBS Group lifted their price target on Fidelis Insurance from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, March 9th.

Institutional Investors Weigh In On Fidelis Insurance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in Fidelis Insurance by 0.5% in the fourth quarter. Franklin Resources Inc. now owns 95,806 shares of the company’s stock worth $1,875,000 after purchasing an additional 521 shares during the period. Advisory Services Network LLC grew its stake in Fidelis Insurance by 2.7% in the second quarter. Advisory Services Network LLC now owns 33,472 shares of the company’s stock worth $506,000 after purchasing an additional 882 shares during the period. First Trust Advisors LP grew its stake in Fidelis Insurance by 20.8% in the third quarter. First Trust Advisors LP now owns 12,316 shares of the company’s stock worth $224,000 after purchasing an additional 2,119 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Fidelis Insurance by 7.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,490 shares of the company’s stock worth $656,000 after purchasing an additional 2,395 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in Fidelis Insurance by 23.5% in the fourth quarter. Quadrant Capital Group LLC now owns 13,120 shares of the company’s stock worth $257,000 after acquiring an additional 2,497 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Stock Performance

Shares of FIHL opened at $21.81 on Monday. The company has a market cap of $2.11 billion, a PE ratio of 9.87 and a beta of 0.36. 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 50-day moving average price of $20.94 and a 200-day moving average price of $19.74. Fidelis Insurance has a 12-month low of $14.80 and a 12-month high of $21.50.

Fidelis Insurance (NYSE:FIHL) last released its earnings results on Tuesday, March 31st. The company reported $0.94 earnings per share for the quarter. The company had revenue of $610.60 million during the quarter. Fidelis Insurance had a return on equity of 8.62% and a net margin of 9.02%. As a group, equities analysts forecast that Fidelis Insurance will post 3.19 earnings per share for the current fiscal year.

Fidelis Insurance declared that its board has initiated a stock buyback plan on Friday, February 20th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 18% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.8%. Fidelis Insurance’s payout ratio is 27.15%.

Fidelis Insurance Company Profile

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.