Fidelis Insurance Holdings Limited (FIHL) to Issue Quarterly Dividend of $0.10 on September 30th

Fidelis Insurance Holdings Limited (NYSE:FIHL) announced a quarterly dividend on Wednesday, August 14th, Wall Street Journal reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.10 per share on Monday, September 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, September 16th.

Fidelis Insurance has a payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Research 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 Up 1.3 %

FIHL stock opened at $17.60 on Friday. The business has a 50-day moving average of $17.67 and a 200-day moving average of $17.66. Fidelis Insurance has a fifty-two week low of $11.55 and a fifty-two week high of $20.53. The stock has a market capitalization of $2.08 billion, a P/E ratio of 4.27 and a beta of -0.10. 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 (NYSE:FIHL) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.15). The business had revenue of $547.10 million for the quarter, compared to the consensus estimate of $582.19 million. Fidelis Insurance had a return on equity of 15.67% and a net margin of 20.96%. On average, sell-side analysts anticipate that Fidelis Insurance will post 2.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Fidelis Insurance from $18.50 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Barclays initiated coverage on Fidelis Insurance in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price target for the company. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a research report on Friday, August 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $24.00 price objective on shares of Fidelis Insurance in a report on Friday, August 16th. Finally, Evercore ISI assumed coverage on shares of Fidelis Insurance in a research note on Wednesday, July 17th. They issued an “inline” rating and a $19.00 target price for the company. 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 data from MarketBeat.com, Fidelis Insurance has a consensus rating of “Hold” and a consensus target price of $20.13.

Fidelis Insurance Company Profile

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