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

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.9167.

FIHL has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 6th. Barclays lifted their price target on shares of Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. UBS Group lifted their price target on shares of Fidelis Insurance from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd.

Fidelis Insurance Price Performance

NYSE:FIHL opened at $23.65 on Monday. The firm has a market cap of $2.29 billion, a P/E ratio of 10.70 and a beta of 0.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. Fidelis Insurance has a fifty-two week low of $14.80 and a fifty-two week high of $21.50. The firm has a 50-day simple moving average of $21.31 and a two-hundred day simple moving average of $19.88.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.94 earnings per share for the quarter. The business had revenue of $610.60 million during the quarter. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. Analysts predict that Fidelis Insurance will post 3.19 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 15th will be paid a $0.15 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.5%. Fidelis Insurance’s payout ratio is currently 27.15%.

Fidelis Insurance announced that its Board of Directors has approved a share repurchase program on Friday, February 20th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 18% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently made changes to their positions in the business. Focus Partners Wealth purchased a new position in shares of Fidelis Insurance in the third quarter worth approximately $77,000. Tower Research Capital LLC TRC boosted its holdings in shares of Fidelis Insurance by 58.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after buying an additional 2,885 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Fidelis Insurance in the second quarter worth approximately $169,000. Sei Investments Co. purchased a new position in shares of Fidelis Insurance in the first quarter worth approximately $200,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of Fidelis Insurance in the third quarter worth approximately $193,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

About Fidelis Insurance

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.