Fidelis Insurance (NYSE:FIHL) Given New $21.00 Price Target at Keefe, Bruyette & Woods

Fidelis Insurance (NYSE:FIHL) had its price target hoisted by Keefe, Bruyette & Woods from $20.00 to $21.00 in a research report report published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

FIHL has been the topic of several other reports. Barclays decreased their target price on shares of Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Citigroup restated an “outperform” rating on shares of Fidelis Insurance in a report on Friday, May 16th. JPMorgan Chase & Co. decreased their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. UBS Group upped their price objective on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, JMP Securities upped their price objective on shares of Fidelis Insurance from $24.00 to $27.00 and gave the stock a “market outperform” rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.29.

Fidelis Insurance Stock Performance

NYSE:FIHL opened at $16.83 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -129.45 and a beta of 0.27. The company’s 50-day moving average is $16.75 and its two-hundred day moving average is $16.42. Fidelis Insurance has a 1-year low of $14.17 and a 1-year high of $21.32.

Fidelis Insurance (NYSE:FIHL) last posted its earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.02. The company had revenue of $658.40 million for the quarter, compared to analyst estimates of $578.57 million. Fidelis Insurance had a negative net margin of 0.41% and a positive return on equity of 0.20%. Analysts forecast that Fidelis Insurance will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 16th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.38%. Fidelis Insurance’s dividend payout ratio (DPR) is presently -307.69%.

Institutional Investors Weigh In On Fidelis Insurance

A number of hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Fidelis Insurance by 2.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company’s stock worth $529,000 after buying an additional 661 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Fidelis Insurance by 6.5% during the 4th quarter. Sterling Capital Management LLC now owns 23,889 shares of the company’s stock worth $433,000 after buying an additional 1,448 shares in the last quarter. Invesco Ltd. lifted its holdings in Fidelis Insurance by 1.6% during the 4th quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock worth $1,656,000 after buying an additional 1,475 shares in the last quarter. Uniplan Investment Counsel Inc. lifted its holdings in Fidelis Insurance by 0.9% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 208,868 shares of the company’s stock worth $3,384,000 after buying an additional 1,793 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Fidelis Insurance by 3.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company’s stock worth $1,167,000 after buying an additional 1,967 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.