Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.57 Average Price Target from Brokerages

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $20.57.

FIHL has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “sell” rating and issued a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their target price on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. 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 report on Friday, January 3rd. UBS Group boosted 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. Finally, 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.

Fidelis Insurance Stock Performance

NYSE:FIHL opened at $15.60 on Friday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 3.94 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $15.96 and its two-hundred day simple moving average is $17.56. Fidelis Insurance has a 1 year low of $14.17 and a 1 year high of $21.32.

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

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance’s payout ratio is currently 42.55%.

Institutional Investors Weigh In On Fidelis Insurance

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in Fidelis Insurance by 18.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 47,804 shares of the company’s stock valued at $867,000 after purchasing an additional 7,300 shares in the last quarter. Voloridge Investment Management LLC raised its position in Fidelis Insurance by 1,243.1% during the 4th quarter. Voloridge Investment Management LLC now owns 178,320 shares of the company’s stock valued at $3,233,000 after purchasing an additional 165,043 shares in the last quarter. Zimmer Partners LP bought a new stake in Fidelis Insurance during the 4th quarter valued at $31,991,000. Squarepoint Ops LLC bought a new stake in Fidelis Insurance during the 4th quarter valued at $399,000. Finally, Two Sigma Advisers LP raised its position in Fidelis Insurance by 52.2% during the 4th quarter. Two Sigma Advisers LP now owns 522,800 shares of the company’s stock valued at $9,478,000 after purchasing an additional 179,200 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

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.