Fidelis Insurance (NYSE:FIHL) Hits New 1-Year High at $19.27

Fidelis Insurance Holdings Limited (NYSE:FIHL) hit a new 52-week high on Thursday . The company traded as high as $19.27 and last traded at $19.23, with a volume of 14497 shares. The stock had previously closed at $19.08.

Analysts Set New Price Targets

Several research analysts recently commented on FIHL shares. JPMorgan Chase & Co. raised their price objective on shares of Fidelis Insurance from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Keefe, Bruyette & Woods upped their price target on Fidelis Insurance from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, JMP Securities raised their target price on shares of Fidelis Insurance from $22.00 to $24.00 and gave the stock a “market outperform” rating in a report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Fidelis Insurance Stock Up 0.9 %

The firm’s 50-day simple moving average is $15.14 and its 200 day simple moving average is $14.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $2.27 billion and a PE ratio of 1.00.

Fidelis Insurance (NYSE:FIHL) last posted its earnings results on Thursday, February 29th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.41. Fidelis Insurance had a return on equity of 20.23% and a net margin of 59.30%. The company had revenue of $553.70 million for the quarter, compared to the consensus estimate of $522.52 million. As a group, equities research analysts forecast that Fidelis Insurance Holdings Limited will post 3.16 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, March 14th. Fidelis Insurance’s payout ratio is currently 2.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new stake in Fidelis Insurance in the second quarter valued at approximately $208,110,000. Pine Brook Road Advisors L.P. acquired a new position in Fidelis Insurance in the fourth quarter valued at $107,116,000. Crestview Partners IV GP L.P. purchased a new stake in Fidelis Insurance during the second quarter valued at about $75,354,000. Citadel Advisors LLC acquired a new stake in Fidelis Insurance during the second quarter worth about $49,553,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Fidelis Insurance in the 2nd quarter worth about $17,534,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelis Insurance

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products in Bermuda, 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.