Analysts Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Target Price at $21.92

Fidelis Insurance Holdings Limited (NYSE:FIHL) has earned an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $21.9167.

Separately, Barclays increased their price objective on Fidelis Insurance from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th.

Fidelis Insurance Stock Down 3.6%

Shares of Fidelis Insurance stock opened at $24.63 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.38 billion, a P/E ratio of 11.14 and a beta of 0.36. The firm’s 50 day moving average price is $22.63 and its 200-day moving average price is $20.51. Fidelis Insurance has a 52-week low of $14.80 and a 52-week high of $21.50.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Tuesday, March 31st. The company reported $0.94 earnings per share for the quarter. The company had revenue of $610.60 million during the quarter. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. On average, sell-side analysts predict that Fidelis Insurance will post 3.19 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 15th were paid a $0.15 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. Fidelis Insurance’s dividend payout ratio (DPR) is 27.15%.

Institutional Investors Weigh In On Fidelis Insurance

Large investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Fidelis Insurance by 62.1% during the first quarter. Royal Bank of Canada now owns 15,988 shares of the company’s stock valued at $258,000 after acquiring an additional 6,124 shares in the last quarter. AQR Capital Management LLC increased its stake in Fidelis Insurance by 41.2% during the 1st quarter. AQR Capital Management LLC now owns 74,025 shares of the company’s stock valued at $1,199,000 after purchasing an additional 21,590 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Fidelis Insurance by 4.0% in the first quarter. Millennium Management LLC now owns 859,192 shares of the company’s stock worth $13,919,000 after buying an additional 33,420 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Fidelis Insurance by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 896,089 shares of the company’s stock worth $14,517,000 after buying an additional 320,242 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Fidelis Insurance by 177.3% during the first quarter. Jane Street Group LLC now owns 103,332 shares of the company’s stock worth $1,674,000 after buying an additional 66,063 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

About Fidelis Insurance

Fidelis Insurance Holdings Ltd is a Bermuda?incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.