Brokerages Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Price Target at $20.86

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHLGet Free Report) have been given an average recommendation of “Hold” by the six research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $20.86.

Several brokerages have recently commented on FIHL. JPMorgan Chase & Co. decreased their price target on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Barclays lowered their target price on Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, January 10th.

Get Our Latest Report on Fidelis Insurance

Fidelis Insurance Stock Down 0.1 %

Shares of NYSE FIHL opened at $16.81 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $18.22 and a 200 day moving average price of $18.03. Fidelis Insurance has a 52 week low of $12.43 and a 52 week high of $21.32. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 4.24 and a beta of 0.53.

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.38%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

Institutional Trading of Fidelis Insurance

A number of hedge funds have recently bought and sold shares of FIHL. The Manufacturers Life Insurance Company lifted its stake in shares of Fidelis Insurance by 3.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock worth $283,000 after purchasing an additional 649 shares during the period. R Squared Ltd purchased a new position in Fidelis Insurance during the fourth quarter worth about $26,000. Martingale Asset Management L P boosted its stake in Fidelis Insurance by 6.7% in the 3rd quarter. Martingale Asset Management L P now owns 127,593 shares of the company’s stock worth $2,304,000 after buying an additional 7,997 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Fidelis Insurance by 7.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 124,828 shares of the company’s stock valued at $2,254,000 after buying an additional 8,992 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Fidelis Insurance during the 3rd quarter valued at about $195,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

About Fidelis Insurance

(Get Free Report

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.

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Analyst Recommendations for Fidelis Insurance (NYSE:FIHL)

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