Fidelis Insurance Holdings Limited (NYSE:FIHL) Declares Quarterly Dividend of $0.10

Fidelis Insurance Holdings Limited (NYSE:FIHL) announced a quarterly dividend on Monday, November 4th, NASDAQ reports. Investors of record on Friday, November 29th will be given a dividend of 0.10 per share on Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, November 29th.

Fidelis Insurance has a dividend payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelis Insurance to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 11.4%.

Fidelis Insurance Stock Up 4.0 %

NYSE:FIHL traded up $0.68 during mid-day trading on Tuesday, reaching $17.67. The company’s stock had a trading volume of 299,716 shares, compared to its average volume of 567,645. 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 market capitalization of $2.08 billion, a PE ratio of 4.45 and a beta of -0.01. Fidelis Insurance has a 1 year low of $11.55 and a 1 year high of $20.53. The stock has a fifty day moving average of $17.90 and a 200-day moving average of $17.53.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). The company had revenue of $547.10 million for the quarter, compared to analysts’ expectations of $582.19 million. Fidelis Insurance had a net margin of 20.96% and a return on equity of 15.67%. Equities research analysts forecast that Fidelis Insurance will post 2.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a research note on Friday, August 16th. Barclays started coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price target for the company. Evercore ISI assumed coverage on shares of Fidelis Insurance in a research note on Wednesday, July 17th. They issued an “inline” rating and a $19.00 price target for the company. The Goldman Sachs Group assumed coverage on shares of Fidelis Insurance in a report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price target on Fidelis Insurance from $18.50 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.44.

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.