Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $22.00 Average PT from Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $22.00.

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of Fidelis Insurance from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelis Insurance in a research note on Monday, December 29th. Keefe, Bruyette & Woods raised their target price on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Evercore ISI set a $21.00 target price on Fidelis Insurance in a report on Wednesday, January 7th. Finally, Wall Street Zen cut Fidelis Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd.

Hedge Funds Weigh In On Fidelis Insurance

Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its holdings in shares of Fidelis Insurance by 15.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock worth $101,000 after acquiring an additional 810 shares during the period. Advisory Services Network LLC grew its position in Fidelis Insurance by 2.7% in the 2nd quarter. Advisory Services Network LLC now owns 33,472 shares of the company’s stock worth $506,000 after purchasing an additional 882 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Fidelis Insurance by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 60,344 shares of the company’s stock valued at $1,001,000 after purchasing an additional 998 shares during the period. Empowered Funds LLC raised its holdings in shares of Fidelis Insurance by 0.3% during the second quarter. Empowered Funds LLC now owns 443,779 shares of the company’s stock valued at $7,358,000 after buying an additional 1,209 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Fidelis Insurance by 1.7% during the third quarter. Wedge Capital Management L L P NC now owns 72,167 shares of the company’s stock valued at $1,310,000 after buying an additional 1,226 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Down 1.7%

NYSE:FIHL opened at $18.61 on Friday. The company has a market cap of $2.06 billion, a PE ratio of -372.22 and a beta of 0.24. The business’s 50 day moving average is $19.00 and its two-hundred day moving average is $17.76. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. Fidelis Insurance has a 52 week low of $14.17 and a 52 week high of $19.83.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.02. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%.The business had revenue of $651.90 million for the quarter, compared to analyst estimates of $676.79 million. On average, analysts predict that Fidelis Insurance will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.60 annualized dividend and a yield of 3.2%. Fidelis Insurance’s dividend payout ratio (DPR) is currently -1,200.00%.

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.