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

Fidelis Insurance Holdings Limited (NYSE:FIHL) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.10 per share on Friday, June 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, June 14th.

Fidelis Insurance has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fidelis Insurance to earn $3.74 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 10.7%.

Fidelis Insurance Stock Down 4.1 %

FIHL stock traded down $0.79 during trading on Friday, reaching $18.52. The stock had a trading volume of 448,944 shares, compared to its average volume of 601,533. The company has a market capitalization of $2.18 billion and a P/E ratio of 0.95. The firm has a fifty day moving average price of $18.76 and a 200 day moving average price of $15.03. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.21. Fidelis Insurance has a 1-year low of $11.55 and a 1-year high of $20.53.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $520.00 million for the quarter, compared to analyst estimates of $585.88 million. Fidelis Insurance had a return on equity of 20.23% and a net margin of 59.30%. On average, equities analysts anticipate that Fidelis Insurance will post 3.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a report on Monday, April 15th. JPMorgan Chase & Co. lifted their price target on Fidelis Insurance from $17.00 to $17.50 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Fidelis Insurance from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Fidelis Insurance has an average rating of “Moderate Buy” and a consensus price target of $18.44.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.