Fidelis Insurance (NYSE:FIHL) Announces Earnings Results, Misses Expectations By $1.98 EPS

Fidelis Insurance (NYSE:FIHL) announced its earnings results on Tuesday. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.93 by ($1.98), Zacks reports. The firm had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%.

Fidelis Insurance Stock Performance

NYSE FIHL traded up $0.06 on Thursday, hitting $14.79. 169,337 shares of the company’s stock traded hands, compared to its average volume of 593,148. The firm’s 50-day moving average price is $16.68 and its two-hundred day moving average price is $17.86. The firm has a market capitalization of $1.74 billion, a PE ratio of 3.74 and a beta of 0.49. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance has a 1-year low of $14.17 and a 1-year high of $21.32.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.71%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIHL. Keefe, Bruyette & Woods decreased their price objective on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Barclays decreased their price target on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th. UBS Group dropped their price target on Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.29.

Fidelis Insurance Company Profile

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.