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

Fidelis Insurance Holdings Limited (NYSE:FIHL) has been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $21.9167.

FIHL has been the subject of several recent research reports. UBS Group increased their price objective on Fidelis Insurance from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Weiss Ratings upgraded Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 6th. Finally, Barclays upped their target price on Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th.

Hedge Funds Weigh In On Fidelis Insurance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management raised its holdings in shares of Fidelis Insurance by 46.1% during the 4th quarter. LSV Asset Management now owns 4,377,732 shares of the company’s stock valued at $85,672,000 after purchasing an additional 1,382,352 shares in the last quarter. Cooperman Leon G boosted its holdings in Fidelis Insurance by 14.8% in the third quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock worth $120,924,000 after purchasing an additional 856,413 shares in the last quarter. Millennium Management LLC boosted its holdings in Fidelis Insurance by 113.9% in the third quarter. Millennium Management LLC now owns 924,380 shares of the company’s stock worth $16,777,000 after purchasing an additional 492,253 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in Fidelis Insurance during the first quarter worth $7,367,000. Finally, Goldman Sachs Group Inc. increased its position in Fidelis Insurance by 108.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 729,818 shares of the company’s stock worth $14,283,000 after buying an additional 380,352 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Stock Up 2.6%

Fidelis Insurance stock opened at $24.98 on Friday. Fidelis Insurance has a twelve month low of $14.80 and a twelve month high of $21.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $2.41 billion, a PE ratio of 11.30 and a beta of 0.36. The firm’s 50 day moving average price is $22.37 and its two-hundred day moving average price is $20.38.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.94 EPS for the quarter. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. The business had revenue of $610.60 million for the quarter. On average, research analysts predict that Fidelis Insurance will post 3.19 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. Fidelis Insurance’s payout ratio is presently 27.15%.

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.