Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $21.50 Consensus Target Price from Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.50.

Several research analysts have issued reports on FIHL shares. The Goldman Sachs Group started coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 target price for the company. Keefe, Bruyette & Woods boosted their price objective on Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. reduced their target price on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday.

Fidelis Insurance Price Performance

Fidelis Insurance stock opened at $17.29 on Monday. Fidelis Insurance has a 12-month low of $11.80 and a 12-month high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $18.83 and a 200-day moving average price of $17.99. The firm has a market capitalization of $2.04 billion, a PE ratio of 4.37 and a beta of 0.29.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Friday, November 29th. Fidelis Insurance’s payout ratio is 10.10%.

Institutional Trading of Fidelis Insurance

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of Fidelis Insurance in the 3rd quarter valued at about $1,144,000. Barclays PLC lifted its holdings in Fidelis Insurance by 306.7% during the third quarter. Barclays PLC now owns 68,184 shares of the company’s stock worth $1,231,000 after buying an additional 51,419 shares during the period. Geode Capital Management LLC boosted its position in Fidelis Insurance by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company’s stock valued at $11,335,000 after acquiring an additional 44,416 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Fidelis Insurance in the 3rd quarter valued at $732,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Fidelis Insurance in the 3rd quarter worth $195,000. 81.99% of the stock is currently owned by institutional investors.

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.