Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.86 Average PT from Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $20.29.

A number of brokerages have issued reports on FIHL. The Goldman Sachs Group restated a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. UBS Group decreased their price objective on shares of Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. cut their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Barclays reduced their price target on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th.

Fidelis Insurance Stock Up 0.2 %

Shares of Fidelis Insurance stock opened at $14.56 on Tuesday. The business has a fifty day simple moving average of $16.82 and a 200 day simple moving average of $17.90. The stock has a market cap of $1.72 billion, a PE ratio of 3.68 and a beta of 0.49. 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 12 month low of $14.26 and a 12 month high of $21.32.

Fidelis Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.75%. Fidelis Insurance’s dividend payout ratio is currently 10.10%.

Hedge Funds Weigh In On Fidelis Insurance

A number of large investors have recently added to or reduced their stakes in the company. Zimmer Partners LP bought a new stake in shares of Fidelis Insurance in the fourth quarter valued at about $31,991,000. Citadel Advisors LLC raised its position in Fidelis Insurance by 2,922.7% in the 4th quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company’s stock valued at $28,462,000 after buying an additional 1,517,927 shares during the last quarter. LSV Asset Management bought a new stake in Fidelis Insurance in the 4th quarter valued at approximately $24,435,000. Wellington Management Group LLP boosted its position in Fidelis Insurance by 76.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company’s stock worth $55,592,000 after acquiring an additional 1,332,896 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Fidelis Insurance by 181.2% during the 4th quarter. Millennium Management LLC now owns 825,772 shares of the company’s stock worth $14,971,000 after acquiring an additional 532,110 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

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.