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

Fidelis Insurance Holdings Limited (NYSE:FIHL) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.44.

Several equities analysts have commented on FIHL shares. Keefe, Bruyette & Woods raised their price target 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. JPMorgan Chase & Co. raised their price target on shares of Fidelis Insurance from $17.00 to $17.50 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a research report on Monday, April 15th.

Fidelis Insurance Stock Performance

Fidelis Insurance stock opened at $19.61 on Wednesday. The firm has a 50 day simple moving average of $17.37 and a 200-day simple moving average of $14.59. Fidelis Insurance has a 1-year low of $11.55 and a 1-year high of $19.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $2.31 billion and a price-to-earnings ratio of 1.03.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data on Thursday, February 29th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.41. The firm had revenue of $553.70 million during the quarter, compared to analysts’ expectations of $522.52 million. Fidelis Insurance had a net margin of 59.30% and a return on equity of 20.23%. On average, analysts expect that Fidelis Insurance will post 3.24 EPS for the current year.

Fidelis Insurance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 2.04%. Fidelis Insurance’s dividend payout ratio is presently 2.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Amalgamated Bank purchased a new stake in shares of Fidelis Insurance in the third quarter valued at about $26,000. Prospector Partners LLC boosted its holdings in Fidelis Insurance by 0.4% during the fourth quarter. Prospector Partners LLC now owns 564,593 shares of the company’s stock worth $7,153,000 after buying an additional 2,395 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in Fidelis Insurance during the third quarter worth about $53,000. Toronto Dominion Bank purchased a new stake in Fidelis Insurance during the third quarter worth about $73,000. Finally, Boston Partners boosted its holdings in Fidelis Insurance by 3.3% during the fourth quarter. Boston Partners now owns 227,795 shares of the company’s stock worth $2,886,000 after buying an additional 7,370 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

About Fidelis Insurance

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.