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

Fidelis Insurance Holdings Limited (NYSE:FIHL) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Wednesday, March 12th will be paid a dividend of 0.10 per share on Thursday, March 27th. This represents a $0.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, March 12th.

Fidelis Insurance Stock Down 5.6 %

Fidelis Insurance stock opened at $14.50 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $1.71 billion, a PE ratio of 3.66 and a beta of 0.48. Fidelis Insurance has a fifty-two week low of $13.28 and a fifty-two week high of $21.32. The firm’s 50-day simple moving average is $16.90 and its 200 day simple moving average is $17.90.

Analyst Ratings Changes

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

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.