Fidelis Insurance Holdings Limited (FIHL) to Issue Quarterly Dividend of $0.10 on March 27th

Fidelis Insurance Holdings Limited (NYSE:FIHL) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Wednesday, March 12th will be given a dividend of 0.10 per share on Thursday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Wednesday, March 12th.

Fidelis Insurance has a payout ratio of 10.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fidelis Insurance to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.5%.

Fidelis Insurance Stock Performance

Shares of FIHL stock opened at $15.04 on Monday. The stock has a market cap of $1.77 billion, a P/E ratio of 3.80 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company has a fifty day moving average price of $16.30 and a two-hundred day moving average price of $17.71. Fidelis Insurance has a one year low of $14.17 and a one year high of $21.32.

Fidelis Insurance (NYSE:FIHL) last posted 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). The company had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. As a group, equities analysts predict that Fidelis Insurance will post 3.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FIHL. JPMorgan Chase & Co. cut their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. UBS Group lifted their price objective on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday. Barclays dropped their price objective on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Fidelis Insurance currently has an average rating of “Hold” and a consensus price target of $20.57.

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.