Analysts Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Price Target at $18.44

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $18.44.

Several equities research analysts recently weighed in 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. lifted their target price on shares of Fidelis Insurance from $17.00 to $17.50 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a research report on Monday, April 15th.

Fidelis Insurance Price Performance

Shares of FIHL opened at $19.47 on Wednesday. The company has a market capitalization of $2.30 billion and a P/E ratio of 1.03. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $17.76 and a 200 day moving average of $14.70. Fidelis Insurance has a twelve month low of $11.55 and a twelve month high of $19.81.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.41. The company had revenue of $553.70 million during the quarter, compared to the consensus estimate of $522.52 million. Fidelis Insurance had a net margin of 59.30% and a return on equity of 20.23%. As a group, equities research analysts anticipate that Fidelis Insurance will post 3.24 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelis Insurance’s dividend payout ratio is presently 2.10%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank purchased a new position in shares of Fidelis Insurance during the 3rd quarter worth $26,000. Prospector Partners LLC boosted its stake in shares of Fidelis Insurance by 0.4% during the 4th quarter. Prospector Partners LLC now owns 564,593 shares of the company’s stock worth $7,153,000 after acquiring an additional 2,395 shares during the last quarter. New York State Common Retirement Fund purchased a new position in shares of Fidelis Insurance during the 3rd quarter worth $53,000. Toronto Dominion Bank purchased a new position in shares of Fidelis Insurance during the 3rd quarter worth $73,000. Finally, Boston Partners boosted its stake in shares of Fidelis Insurance by 3.3% during the 4th quarter. Boston Partners now owns 227,795 shares of the company’s stock worth $2,886,000 after acquiring an additional 7,370 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Company Profile

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.