Keefe, Bruyette & Woods Issues Positive Forecast for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its price target upped by Keefe, Bruyette & Woods from $25.00 to $26.00 in a report issued on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. Barclays began coverage on Fidelis Insurance in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 target price on the stock. Finally, Evercore ISI started coverage on shares of Fidelis Insurance in a report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Fidelis Insurance currently has an average rating of “Hold” and a consensus target price of $20.69.

Fidelis Insurance Stock Down 0.3 %

Shares of FIHL stock traded down $0.06 on Thursday, hitting $19.67. The stock had a trading volume of 266,138 shares, compared to its average volume of 567,393. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.32 billion, a PE ratio of 4.97 and a beta of -0.01. The business has a 50 day moving average price of $17.92 and a 200 day moving average price of $17.50. Fidelis Insurance has a one year low of $11.55 and a one year high of $21.32.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.15). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The company had revenue of $547.10 million during the quarter, compared to the consensus estimate of $582.19 million. Research analysts anticipate that Fidelis Insurance will post 2.9 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, November 29th. Fidelis Insurance’s dividend payout ratio (DPR) is 10.10%.

Hedge Funds Weigh In On Fidelis Insurance

A number of large investors have recently made changes to their positions in FIHL. Russell Investments Group Ltd. lifted its stake in Fidelis Insurance by 3.0% in the 1st quarter. Russell Investments Group Ltd. now owns 839,237 shares of the company’s stock valued at $16,348,000 after buying an additional 24,063 shares in the last quarter. ProShare Advisors LLC purchased a new position in Fidelis Insurance in the first quarter valued at about $212,000. Vanguard Group Inc. grew its stake in shares of Fidelis Insurance by 227.4% during the first quarter. Vanguard Group Inc. now owns 562,570 shares of the company’s stock valued at $10,959,000 after acquiring an additional 390,754 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Fidelis Insurance by 27.9% during the 1st quarter. Acadian Asset Management LLC now owns 46,323 shares of the company’s stock worth $901,000 after acquiring an additional 10,110 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Fidelis Insurance by 297.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company’s stock valued at $118,000 after purchasing an additional 4,523 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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.