Analysts Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Price Target at $22.64

Fidelis Insurance Holdings Limited (NYSE:FIHL) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.9167.

FIHL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Weiss Ratings raised Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, March 6th. UBS Group raised their target price on Fidelis Insurance from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Wall Street Zen cut Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Finally, 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.

Institutional Investors Weigh In On Fidelis Insurance

A number of institutional investors and hedge funds have recently bought and sold shares of FIHL. Royal Bank of Canada raised its holdings in Fidelis Insurance by 62.1% during the first quarter. Royal Bank of Canada now owns 15,988 shares of the company’s stock valued at $258,000 after acquiring an additional 6,124 shares during the period. AQR Capital Management LLC grew its position in shares of Fidelis Insurance by 41.2% during the first quarter. AQR Capital Management LLC now owns 74,025 shares of the company’s stock valued at $1,199,000 after purchasing an additional 21,590 shares in the last quarter. Millennium Management LLC grew its position in shares of Fidelis Insurance by 4.0% during the first quarter. Millennium Management LLC now owns 859,192 shares of the company’s stock valued at $13,919,000 after purchasing an additional 33,420 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Fidelis Insurance by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 896,089 shares of the company’s stock worth $14,517,000 after acquiring an additional 320,242 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Fidelis Insurance by 177.3% during the first quarter. Jane Street Group LLC now owns 103,332 shares of the company’s stock valued at $1,674,000 after buying an additional 66,063 shares during the period. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Price Performance

Shares of Fidelis Insurance stock opened at $23.16 on Thursday. Fidelis Insurance has a one year low of $14.80 and a one year high of $21.50. The stock’s fifty day moving average is $19.96 and its 200 day moving average is $19.36. The stock has a market cap of $2.24 billion, a P/E ratio of 10.48 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 (NYSE:FIHL) last announced 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 for the quarter. Sell-side analysts anticipate that Fidelis Insurance will post 3.19 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.6%. Fidelis Insurance’s dividend payout ratio (DPR) is currently 27.15%.

Fidelis Insurance announced that its board has approved a share buyback plan on Friday, February 20th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 18% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.