Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHLGet Free Report) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.94.

Several brokerages recently weighed in on FIHL. JPMorgan Chase & Co. upped their target price on shares of Fidelis Insurance from $17.00 to $17.50 and gave the stock a “neutral” rating in a research note on Monday, April 8th. JMP Securities reissued a “market outperform” rating and issued a $24.00 price objective on shares of Fidelis Insurance in a research report on Monday, April 15th. UBS Group dropped their price objective on shares of Fidelis Insurance from $22.50 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Fidelis Insurance from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th.

Get Our Latest Analysis on FIHL

Fidelis Insurance Price Performance

Shares of FIHL opened at $15.95 on Thursday. Fidelis Insurance has a fifty-two week low of $11.55 and a fifty-two week high of $20.53. The firm’s 50 day moving average price is $17.62 and its 200 day moving average price is $15.67. The company has a market cap of $1.88 billion and a P/E ratio of 3.87. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.18.

Fidelis Insurance (NYSE:FIHLGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). Fidelis Insurance had a return on equity of 17.97% and a net margin of 23.31%. The business had revenue of $520.00 million for the quarter, compared to analysts’ expectations of $585.88 million. On average, research analysts forecast that Fidelis Insurance will post 3.11 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, June 14th. Fidelis Insurance’s payout ratio is 9.71%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Amalgamated Bank acquired a new position in shares of Fidelis Insurance in the 3rd quarter valued at $26,000. Cambridge Trust Co. acquired a new stake in Fidelis Insurance during the 1st quarter worth $58,000. EntryPoint Capital LLC acquired a new stake in Fidelis Insurance during the 1st quarter worth $63,000. New York State Common Retirement Fund acquired a new stake in Fidelis Insurance during the 3rd quarter worth $53,000. Finally, Toronto Dominion Bank acquired a new stake in Fidelis Insurance during the 3rd quarter worth $73,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

About Fidelis Insurance

(Get Free Report

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.

See Also

Analyst Recommendations for Fidelis Insurance (NYSE:FIHL)

Receive News & Ratings for Fidelis Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelis Insurance and related companies with MarketBeat.com's FREE daily email newsletter.