Fidelis Insurance Holdings Limited (NYSE:FIHL) to Issue Quarterly Dividend of $0.10

Fidelis Insurance Holdings Limited (NYSE:FIHL) announced a quarterly dividend on Monday, November 4th, NASDAQ reports. Investors of record on Friday, November 29th will be given a dividend of 0.10 per share on Friday, December 20th. This represents a $0.40 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, November 29th.

Fidelis Insurance has a dividend payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Fidelis Insurance to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 11.4%.

Fidelis Insurance Stock Performance

NYSE:FIHL opened at $17.67 on Wednesday. The company’s 50-day moving average is $17.89 and its two-hundred day moving average is $17.52. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 4.62 and a beta of -0.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65. Fidelis Insurance has a 1-year low of $11.55 and a 1-year high of $20.53.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). The business had revenue of $547.10 million during 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%. Analysts forecast that Fidelis Insurance will post 2.9 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $24.00 price objective on shares of Fidelis Insurance in a research report on Friday, August 16th. Evercore ISI began coverage on shares of Fidelis Insurance in a report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price objective for the company. Barclays assumed coverage on Fidelis Insurance in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 target price on the stock. Finally, JMP Securities restated a “market outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.44.

Fidelis Insurance Company Profile

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.