Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.86 Average Target Price from Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received an average recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.86.

FIHL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Barclays reduced their target price on Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. The Goldman Sachs Group restated a “sell” rating and issued a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods dropped their price target on Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, January 10th.

Fidelis Insurance Stock Performance

NYSE FIHL opened at $16.76 on Friday. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 4.23 and a beta of 0.53. Fidelis Insurance has a twelve month low of $12.43 and a twelve month high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $18.09 and a 200 day moving average of $18.02.

Fidelis Insurance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.39%. Fidelis Insurance’s payout ratio is 10.10%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in Fidelis Insurance in the fourth quarter worth approximately $26,000. Y Intercept Hong Kong Ltd purchased a new position in Fidelis Insurance in the third quarter worth approximately $195,000. Summit Global Investments purchased a new position in Fidelis Insurance in the third quarter worth approximately $238,000. Intech Investment Management LLC purchased a new position in Fidelis Insurance in the third quarter worth approximately $269,000. Finally, The Manufacturers Life Insurance Company grew its position in Fidelis Insurance by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock worth $283,000 after acquiring an additional 649 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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.