Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.86 Consensus Target Price from Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $20.86.

FIHL has been the topic of several research analyst reports. Barclays lowered their target price on Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. decreased their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group restated a “sell” rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th.

Institutional Investors Weigh In On Fidelis Insurance

A number of large investors have recently added to or reduced their stakes in FIHL. The Manufacturers Life Insurance Company increased its position in Fidelis Insurance by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock worth $283,000 after acquiring an additional 649 shares during the period. R Squared Ltd acquired a new stake in Fidelis Insurance in the 4th quarter worth $26,000. Martingale Asset Management L P increased its holdings in shares of Fidelis Insurance by 6.7% during the 3rd quarter. Martingale Asset Management L P now owns 127,593 shares of the company’s stock worth $2,304,000 after purchasing an additional 7,997 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Fidelis Insurance by 7.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 124,828 shares of the company’s stock valued at $2,254,000 after buying an additional 8,992 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Fidelis Insurance in the third quarter valued at about $195,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Stock Performance

Shares of FIHL stock opened at $16.49 on Friday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 4.16 and a beta of 0.53. Fidelis Insurance has a 1-year low of $12.43 and a 1-year high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $18.34 and its 200-day simple moving average is $18.04.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Friday, November 29th. Fidelis Insurance’s payout ratio is 10.10%.

Fidelis Insurance Company Profile

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.