Brokerages Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Price Target at $19.94

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

FIHL has been the topic of several analyst reports. JMP Securities reissued a “market outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a report on Friday, August 16th. Evercore ISI initiated coverage on Fidelis Insurance in a report on Wednesday, July 17th. They set an “inline” rating and a $19.00 price objective on the stock. Barclays started coverage on Fidelis Insurance in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Fidelis Insurance from $18.50 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Finally, The Goldman Sachs Group assumed coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective for the company.

Fidelis Insurance Stock Performance

Shares of NYSE FIHL opened at $17.90 on Friday. Fidelis Insurance has a 12 month low of $11.55 and a 12 month high of $20.53. The company has a market cap of $2.11 billion, a P/E ratio of 4.34 and a beta of -0.10. The business’s 50 day moving average is $17.79 and its two-hundred day moving average is $17.75. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.18.

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

Fidelis Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.10 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.23%. Fidelis Insurance’s dividend payout ratio is presently 9.71%.

Institutional Trading of Fidelis Insurance

A number of hedge funds have recently modified their holdings of FIHL. Cambridge Trust Co. bought a new stake in Fidelis Insurance in the first quarter valued at approximately $58,000. EntryPoint Capital LLC acquired a new stake in Fidelis Insurance during the 1st quarter worth $63,000. Ameritas Investment Partners Inc. lifted its holdings in Fidelis Insurance by 297.6% during the first quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company’s stock worth $118,000 after acquiring an additional 4,523 shares in the last quarter. California State Teachers Retirement System grew its stake in Fidelis Insurance by 144.4% in the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock valued at $119,000 after acquiring an additional 3,606 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Fidelis Insurance in the second quarter worth about $140,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

About Fidelis Insurance

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.