Fidelis Insurance (NYSE:FIHL) Shares Up 2.6% – Still a Buy?

Fidelis Insurance Holdings Limited (NYSE:FIHL) traded up 2.6% during mid-day trading on Thursday . The company traded as high as $25.1380 and last traded at $24.98. 405,029 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 358,382 shares. The stock had previously closed at $24.35.

Analysts Set New Price Targets

FIHL has been the subject of several research reports. UBS Group increased their price objective on shares of Fidelis Insurance from $24.00 to $25.00 and gave the company a “buy” rating in a report on Monday, March 9th. Weiss Ratings raised Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, March 6th. Finally, Barclays boosted their target price on Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Fidelis Insurance currently has a consensus rating of “Hold” and a consensus target price of $21.92.

Fidelis Insurance Price Performance

The company has a market capitalization of $2.47 billion, a P/E ratio of 11.57 and a beta of 0.36. The firm’s fifty day moving average is $22.47 and its 200 day moving average is $20.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.94 earnings per share (EPS) for the quarter. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. The business had revenue of $610.60 million during the quarter. As a group, analysts predict that Fidelis Insurance Holdings Limited will post 3.19 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 15th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 27.15%.

Hedge Funds Weigh In On Fidelis Insurance

Hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Wealth bought a new stake in shares of Fidelis Insurance during the third quarter valued at approximately $77,000. Tower Research Capital LLC TRC increased its holdings in Fidelis Insurance by 58.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after purchasing an additional 2,885 shares during the period. First Trust Advisors LP bought a new stake in Fidelis Insurance during the 2nd quarter valued at $169,000. Quadrant Capital Group LLC bought a new stake in Fidelis Insurance during the 3rd quarter valued at $193,000. Finally, Sei Investments Co. bought a new stake in shares of Fidelis Insurance in the first quarter valued at about $200,000. 81.99% of the stock is currently owned by institutional investors.

About Fidelis Insurance

Fidelis Insurance Holdings Ltd is a Bermuda?incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.