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

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

Fidelis Insurance has a dividend payout ratio of 11.5% 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 4.0 %

FIHL traded up $0.68 during midday trading on Tuesday, reaching $17.67. 299,716 shares of the company were exchanged, compared to its average volume of 567,645. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 4.45 and a beta of -0.01. The company’s fifty day moving average price is $17.90 and its 200 day moving average price is $17.53. Fidelis Insurance has a one year low of $11.55 and a one year high of $20.53.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). Fidelis Insurance had a net margin of 20.96% and a return on equity of 15.67%. The business had revenue of $547.10 million during the quarter, compared to the consensus estimate of $582.19 million. As a group, analysts expect that Fidelis Insurance will post 2.9 EPS for the current year.

Analyst Upgrades and Downgrades

FIHL has been the subject of several analyst reports. JMP Securities restated a “market outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a research note on Friday, August 16th. The Goldman Sachs Group initiated coverage on shares of Fidelis Insurance in a report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price objective for the company. Barclays started coverage on Fidelis Insurance in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 target price for the company. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $24.00 price objective on shares of Fidelis Insurance in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their target price on Fidelis Insurance from $18.50 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Fidelis Insurance has an average rating of “Hold” and a consensus target price of $20.44.

About Fidelis Insurance

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.