Brokerages Set Fidelis Insurance Holdings Limited (NYSE:FIHL) PT at $20.86

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat Ratings 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 twelve-month price objective among brokers that have issued a report on the stock in the last year is $20.86.

A number of equities analysts have recently commented on FIHL shares. The Goldman Sachs Group restated a “sell” rating and issued a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Barclays dropped their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd.

Fidelis Insurance Trading Down 0.1 %

Shares of FIHL opened at $16.81 on Friday. Fidelis Insurance has a twelve month low of $12.43 and a twelve month high of $21.32. The firm has a market capitalization of $1.98 billion, a P/E ratio of 4.24 and a beta of 0.53. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $18.22 and its 200 day simple moving average is $18.03.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.38%. Fidelis Insurance’s dividend payout ratio is presently 10.10%.

Institutional Trading of Fidelis Insurance

A number of hedge funds have recently made changes to their positions in FIHL. Sei Investments Co. increased its position in shares of Fidelis Insurance by 35.6% in the 2nd quarter. Sei Investments Co. now owns 276,177 shares of the company’s stock worth $4,504,000 after purchasing an additional 72,446 shares during the last quarter. Marshall Wace LLP raised its stake in Fidelis Insurance by 836.3% during the second quarter. Marshall Wace LLP now owns 154,663 shares of the company’s stock valued at $2,523,000 after buying an additional 138,144 shares in the last quarter. Dark Forest Capital Management LP bought a new position in Fidelis Insurance during the 2nd quarter worth approximately $566,000. The Manufacturers Life Insurance Company grew its position in shares of Fidelis Insurance by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock worth $283,000 after acquiring an additional 649 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Fidelis Insurance during the 2nd quarter valued at approximately $1,196,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

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.