Fidelis Insurance (NYSE:FIHL) Posts Quarterly Earnings Results, Misses Expectations By $1.98 EPS

Fidelis Insurance (NYSE:FIHL) posted its earnings results on Tuesday. The company reported ($1.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98), Zacks reports. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%.

Fidelis Insurance Stock Down 0.6 %

Shares of FIHL stock traded down $0.09 on Tuesday, reaching $14.43. 799,837 shares of the company were exchanged, compared to its average volume of 589,745. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company has a 50-day moving average of $16.82 and a 200-day moving average of $17.90. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 3.64 and a beta of 0.49. Fidelis Insurance has a one year low of $14.17 and a one year high of $21.32.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.77%. Fidelis Insurance’s payout ratio is presently 10.10%.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIHL. The Goldman Sachs Group reissued a “sell” rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. UBS Group cut their price target on shares of Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, Barclays decreased their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.29.

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.