Fidelis Insurance (NYSE:FIHL) Reaches New 12-Month High – What’s Next?

Fidelis Insurance Holdings Limited (NYSE:FIHL) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.33 and last traded at $19.3950, with a volume of 9374 shares trading hands. The stock had previously closed at $19.20.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Fidelis Insurance from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. UBS Group increased their target price on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Evercore ISI boosted their price target on Fidelis Insurance from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 13th. Zacks Research raised Fidelis Insurance from a “strong sell” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fidelis Insurance in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.14.

Fidelis Insurance Trading Up 1.0%

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $18.51 and a 200-day moving average price of $17.38. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of -387.86 and a beta of 0.25.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.02. The business had revenue of $651.90 million during the quarter, compared to analysts’ expectations of $676.79 million. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%. Research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. Fidelis Insurance’s dividend payout ratio (DPR) is presently -1,200.00%.

Institutional Trading of Fidelis Insurance

A number of hedge funds have recently bought and sold shares of FIHL. North Capital Inc. acquired a new position in shares of Fidelis Insurance during the second quarter valued at about $33,000. Focus Partners Wealth bought a new position in Fidelis Insurance during the third quarter valued at about $77,000. Ameritas Investment Partners Inc. raised its holdings in Fidelis Insurance by 15.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock valued at $101,000 after acquiring an additional 810 shares in the last quarter. CWM LLC raised its holdings in Fidelis Insurance by 444.4% in the 2nd quarter. CWM LLC now owns 7,131 shares of the company’s stock valued at $118,000 after acquiring an additional 5,821 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Fidelis Insurance by 58.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after acquiring an additional 2,885 shares during the period. 81.99% of the stock is owned by institutional investors.

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.