Brokerages Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Price Target at $20.44

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $20.69.

Several brokerages recently issued reports on FIHL. Barclays began coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 target price for the company. JMP Securities restated a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. Keefe, Bruyette & Woods boosted their target price on shares of Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, The Goldman Sachs Group began coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 target price for the company.

Hedge Funds Weigh In On Fidelis Insurance

Hedge funds have recently modified their holdings of the company. Martingale Asset Management L P boosted its position in shares of Fidelis Insurance by 6.7% during the third quarter. Martingale Asset Management L P now owns 127,593 shares of the company’s stock worth $2,304,000 after acquiring an additional 7,997 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Fidelis Insurance during the third quarter worth $2,068,000. The Manufacturers Life Insurance Company boosted its position in shares of Fidelis Insurance by 4.4% during the third quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company’s stock worth $327,000 after acquiring an additional 770 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Fidelis Insurance by 12.8% during the third quarter. Loomis Sayles & Co. L P now owns 655,565 shares of the company’s stock worth $11,839,000 after acquiring an additional 74,445 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Fidelis Insurance by 7.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 124,828 shares of the company’s stock worth $2,254,000 after acquiring an additional 8,992 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Stock Down 1.2 %

FIHL opened at $19.70 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $17.92 and a 200-day moving average price of $17.50. Fidelis Insurance has a twelve month low of $11.55 and a twelve month high of $21.32. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 4.98 and a beta of -0.01.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data 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). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.49%. The company had revenue of $547.10 million for the quarter, compared to analysts’ expectations of $582.19 million. Equities research analysts forecast that Fidelis Insurance will post 2.9 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.03%. Fidelis Insurance’s payout ratio is currently 10.10%.

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.