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

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $18.44.

Several equities research analysts have weighed in on FIHL shares. Keefe, Bruyette & Woods upped their target price on Fidelis Insurance from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. upped their target price on Fidelis Insurance from $17.00 to $17.50 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, JMP Securities restated a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a research note on Monday, April 15th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FIHL. Amalgamated Bank bought a new position in Fidelis Insurance during the 3rd quarter worth $26,000. Prospector Partners LLC raised its position in 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 purchasing an additional 2,395 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in Fidelis Insurance during the 3rd quarter worth about $53,000. Toronto Dominion Bank acquired a new stake in Fidelis Insurance during the 3rd quarter worth about $73,000. Finally, Boston Partners grew its holdings in 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 period. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Trading Down 1.4 %

Shares of NYSE: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. Fidelis Insurance has a 1 year low of $11.55 and a 1 year high of $19.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.66 and a quick ratio of 0.66. The business’s 50 day simple moving average is $17.76 and its 200 day simple moving average is $14.70.

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

Fidelis Insurance Dividend Announcement

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

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.