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

Fidelis Insurance Holdings Limited (NYSE:FIHL) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Wednesday, March 12th will be paid a dividend of 0.10 per share on Thursday, March 27th. This represents a $0.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, March 12th.

Fidelis Insurance Trading Down 5.6 %

Shares of FIHL traded down $0.86 during midday trading on Friday, hitting $14.50. The stock had a trading volume of 811,647 shares, compared to its average volume of 577,481. Fidelis Insurance has a fifty-two week low of $13.28 and a fifty-two week high of $21.32. The business has a 50-day simple moving average of $16.99 and a two-hundred day simple moving average of $17.91. The firm has a market cap of $1.71 billion, a P/E ratio of 3.66 and a beta of 0.48. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Analyst Ratings Changes

Several analysts recently commented on the stock. The Goldman Sachs Group restated a “sell” rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. UBS Group decreased their price target on shares of Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday. Barclays decreased their price target on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday. Keefe, Bruyette & Woods decreased their price target on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.29.

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.