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

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have earned an average recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $20.57.

A number of research firms have recently weighed in on FIHL. JPMorgan Chase & Co. dropped their target price on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. The Goldman Sachs Group restated a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their price objective on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Barclays dropped their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. Finally, UBS Group upped their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, March 7th.

Fidelis Insurance Trading Up 1.9 %

Shares of FIHL opened at $15.57 on Friday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 3.93 and a beta of 0.61. Fidelis Insurance has a 52-week low of $14.17 and a 52-week high of $21.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a fifty day moving average price of $15.91 and a two-hundred day moving average price of $17.52.

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

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.57%. Fidelis Insurance’s payout ratio is 42.55%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in Fidelis Insurance by 6.7% in the fourth quarter. American Century Companies Inc. now owns 3,577,018 shares of the company’s stock valued at $64,851,000 after acquiring an additional 225,952 shares during the period. Wellington Management Group LLP grew its stake in Fidelis Insurance by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company’s stock valued at $58,754,000 after acquiring an additional 162,524 shares during the period. Zimmer Partners LP acquired a new position in shares of Fidelis Insurance during the fourth quarter worth about $31,991,000. Citadel Advisors LLC grew its holdings in shares of Fidelis Insurance by 2,922.7% during the fourth quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company’s stock worth $28,462,000 after buying an additional 1,517,927 shares in the last quarter. Finally, LSV Asset Management bought a new position in shares of Fidelis Insurance during the fourth quarter worth about $24,435,000. 81.99% of the stock is owned by institutional investors and hedge funds.

About Fidelis Insurance

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.