Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $19.71 Average Price Target from Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received an average recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.71.

Several equities research analysts have issued reports on FIHL shares. UBS Group lifted their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods dropped their target price on Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price target on Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group reiterated a “sell” rating and set a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Finally, Barclays decreased their target price on shares of Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, April 11th.

Hedge Funds Weigh In On Fidelis Insurance

Several institutional investors and hedge funds have recently made changes to their positions in FIHL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Fidelis Insurance by 2.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company’s stock valued at $529,000 after purchasing an additional 661 shares during the period. R Squared Ltd acquired a new stake in shares of Fidelis Insurance during the fourth quarter worth $26,000. Sterling Capital Management LLC boosted its position in shares of Fidelis Insurance by 6.5% in the fourth quarter. Sterling Capital Management LLC now owns 23,889 shares of the company’s stock valued at $433,000 after acquiring an additional 1,448 shares during the period. Invesco Ltd. grew its stake in shares of Fidelis Insurance by 1.6% in the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock valued at $1,656,000 after acquiring an additional 1,475 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Fidelis Insurance by 3.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company’s stock worth $1,167,000 after acquiring an additional 1,967 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Price Performance

FIHL stock opened at $16.68 on Friday. The stock has a 50-day moving average price of $15.73 and a two-hundred day moving average price of $17.04. Fidelis Insurance has a 1 year low of $14.17 and a 1 year high of $21.32. The stock has a market cap of $1.86 billion, a PE ratio of 4.21 and a beta of 0.28. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. Equities analysts forecast that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.40%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 42.55%.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited, a specialty insurer, provides insurance and reinsurance solutions 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.