Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $21.50 Consensus Target Price from Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $21.50.

FIHL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday. Keefe, Bruyette & Woods boosted their price target on Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group initiated coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective for the company.

Fidelis Insurance Trading Down 3.8 %

NYSE:FIHL opened at $17.29 on Monday. The firm has a 50 day moving average of $18.83 and a 200 day moving average of $17.99. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance has a 52 week low of $11.80 and a 52 week high of $21.32. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 4.37 and a beta of 0.29.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.31%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FIHL. Ashton Thomas Private Wealth LLC acquired a new stake in Fidelis Insurance during the 2nd quarter worth about $140,000. Y Intercept Hong Kong Ltd acquired a new stake in Fidelis Insurance during the third quarter worth about $195,000. Summit Global Investments purchased a new position in Fidelis Insurance during the third quarter valued at approximately $238,000. Intech Investment Management LLC acquired a new position in Fidelis Insurance in the third quarter valued at approximately $269,000. Finally, Caprock Group LLC purchased a new stake in Fidelis Insurance in the 2nd quarter worth approximately $265,000. 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.