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

Fidelis Insurance Holdings Limited (NYSE:FIHL) has been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $21.9167.

Separately, Barclays raised their price target on Fidelis Insurance from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th.

Fidelis Insurance Price Performance

NYSE:FIHL opened at $24.87 on Friday. Fidelis Insurance has a 12-month low of $14.80 and a 12-month high of $21.50. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 11.25 and a beta of 0.36. The stock’s 50 day moving average price is $22.77 and its two-hundred day moving average price is $20.58. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35.

Fidelis Insurance (NYSE:FIHL) last issued its earnings results on Tuesday, March 31st. The company reported $0.94 EPS for the quarter. Fidelis Insurance had a return on equity of 8.62% and a net margin of 9.02%.The company had revenue of $610.60 million during the quarter. On average, analysts anticipate that Fidelis Insurance will post 3.19 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. Fidelis Insurance’s dividend payout ratio is presently 27.15%.

Institutional Trading of Fidelis Insurance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cooperman Leon G raised its holdings in Fidelis Insurance by 14.8% in the 3rd quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock valued at $120,924,000 after acquiring an additional 856,413 shares during the period. LSV Asset Management boosted its holdings in shares of Fidelis Insurance by 46.1% during the fourth quarter. LSV Asset Management now owns 4,377,732 shares of the company’s stock worth $85,672,000 after acquiring an additional 1,382,352 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Fidelis Insurance by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,823,089 shares of the company’s stock valued at $53,950,000 after purchasing an additional 35,955 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Fidelis Insurance by 2.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,288,824 shares of the company’s stock valued at $25,222,000 after purchasing an additional 34,066 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of Fidelis Insurance by 24.3% during the third quarter. Balyasny Asset Management L.P. now owns 960,663 shares of the company’s stock worth $17,436,000 after purchasing an additional 187,899 shares during the period. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.