Brokerages Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Price Target at $21.50

Fidelis Insurance Holdings Limited (NYSE:FIHL) has earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $21.50.

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

Institutional Trading of Fidelis Insurance

A number of institutional investors have recently made changes to their positions in FIHL. Ashton Thomas Private Wealth LLC acquired a new stake in Fidelis Insurance during the 2nd quarter worth $140,000. Y Intercept Hong Kong Ltd acquired a new position in Fidelis Insurance during the third quarter worth about $195,000. Summit Global Investments purchased a new stake in Fidelis Insurance during the 3rd quarter valued at about $238,000. Intech Investment Management LLC acquired a new stake in Fidelis Insurance in the 3rd quarter valued at about $269,000. Finally, Caprock Group LLC acquired a new stake in Fidelis Insurance in the 2nd quarter valued at about $265,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Stock Down 3.8 %

Fidelis Insurance stock opened at $17.29 on Monday. The business’s 50-day moving average price is $18.83 and its 200 day moving average price is $18.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 4.37 and a beta of 0.53. Fidelis Insurance has a 52 week low of $11.80 and a 52 week high of $21.32.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Friday, November 29th. Fidelis Insurance’s payout ratio is 10.10%.

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.