Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.86 Consensus Target Price from Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have received an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $20.29.

Several equities research analysts recently weighed in on FIHL shares. UBS Group cut their price objective on Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods cut their price objective on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday. Barclays cut their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday. The Goldman Sachs Group reissued a “sell” rating and set a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FIHL. R Squared Ltd bought a new position in shares of Fidelis Insurance in the 4th quarter worth about $26,000. Venturi Wealth Management LLC raised its position in shares of Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after acquiring an additional 5,831 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Fidelis Insurance in the 3rd quarter worth about $195,000. Fox Run Management L.L.C. bought a new position in shares of Fidelis Insurance in the 4th quarter worth about $235,000. Finally, Summit Global Investments bought a new position in shares of Fidelis Insurance in the 3rd quarter worth about $238,000. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Trading Down 5.6 %

NYSE FIHL opened at $14.50 on Tuesday. 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 twelve month low of $13.28 and a twelve month high of $21.32. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 3.66 and a beta of 0.48. The business’s fifty day moving average is $16.90 and its 200 day moving average is $17.91.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

About Fidelis Insurance

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.