Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $20.86.

FIHL has been the subject of several recent research reports. The Goldman Sachs Group reissued a “sell” rating and issued a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Barclays reduced their price target on 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. Keefe, Bruyette & Woods reduced their price target on Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. reduced their price target 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.

Fidelis Insurance Trading Down 1.2 %

FIHL opened at $16.76 on Friday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 4.23 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. Fidelis Insurance has a 12 month low of $12.43 and a 12 month high of $21.32. The stock has a fifty day moving average price of $18.09 and a 200-day moving average price of $18.02.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid 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 2.39%. Fidelis Insurance’s dividend payout ratio (DPR) is 10.10%.

Institutional Trading of Fidelis Insurance

Several large investors have recently added to or reduced their stakes in FIHL. Wellington Management Group LLP grew its stake in Fidelis Insurance by 76.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company’s stock valued at $55,592,000 after purchasing an additional 1,332,896 shares during the last quarter. Ghisallo Capital Management LLC lifted its holdings in shares of Fidelis Insurance by 1,038.8% in the 2nd quarter. Ghisallo Capital Management LLC now owns 400,000 shares of the company’s stock valued at $6,524,000 after buying an additional 364,875 shares during the period. Empowered Funds LLC acquired a new position in shares of Fidelis Insurance in the 3rd quarter valued at about $6,424,000. Foundry Partners LLC acquired a new position in shares of Fidelis Insurance in the 3rd quarter valued at about $5,065,000. Finally, Marshall Wace LLP lifted its holdings in shares of Fidelis Insurance by 836.3% in the 2nd 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 during the period. Hedge funds and other institutional investors 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.