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

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $19.94.

FIHL has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Fidelis Insurance from $18.50 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Evercore ISI initiated coverage on shares of Fidelis Insurance in a research report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Fidelis Insurance in a research report on Tuesday. They issued a “neutral” rating and a $18.50 target price for the company. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a research note on Friday, August 16th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in Fidelis Insurance during the second quarter worth about $618,000. Ghisallo Capital Management LLC increased its stake in shares of Fidelis Insurance by 1,038.8% in the second 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. Lighthouse Investment Partners LLC acquired a new position in shares of Fidelis Insurance in the second quarter valued at approximately $1,196,000. The Manufacturers Life Insurance Company increased its stake in shares of Fidelis Insurance by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock valued at $283,000 after buying an additional 649 shares during the period. Finally, Dark Forest Capital Management LP acquired a new position in shares of Fidelis Insurance in the second quarter valued at approximately $566,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Trading Down 1.4 %

FIHL stock opened at $17.93 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65. The company has a fifty day moving average price of $17.78 and a two-hundred day moving average price of $17.74. Fidelis Insurance has a one year low of $11.55 and a one year high of $20.53. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 4.35 and a beta of -0.10.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). Fidelis Insurance had a return on equity of 15.67% and a net margin of 20.96%. The company had revenue of $547.10 million for the quarter, compared to the consensus estimate of $582.19 million. Equities analysts anticipate that Fidelis Insurance will post 2.94 EPS for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.23%. The ex-dividend date is Monday, September 16th. Fidelis Insurance’s payout ratio is 9.71%.

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.