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

Fidelis Insurance Holdings Limited (NYSE:FIHL) declared a quarterly dividend on Monday, November 4th, NASDAQ reports. Investors of record on Friday, November 29th will be given a dividend of 0.10 per share on Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Friday, November 29th.

Fidelis Insurance has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fidelis Insurance to earn $3.50 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 11.4%.

Fidelis Insurance Stock Performance

Fidelis Insurance stock traded up $0.68 during mid-day trading on Tuesday, hitting $17.67. 299,716 shares of the company’s stock traded hands, compared to its average volume of 567,645. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $17.90 and a two-hundred day simple moving average of $17.53. Fidelis Insurance has a fifty-two week low of $11.55 and a fifty-two week high of $20.53. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 4.45 and a beta of -0.01.

Fidelis Insurance (NYSE:FIHL) last posted its earnings results on Wednesday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). Fidelis Insurance had a return on equity of 15.67% and a net margin of 20.96%. The company had revenue of $547.10 million for the quarter, compared to analyst estimates of $582.19 million. On average, research analysts expect that Fidelis Insurance will post 2.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FIHL shares. JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $24.00 price objective on shares of Fidelis Insurance in a research report on Friday, August 16th. The Goldman Sachs Group began coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 target price for the company. Evercore ISI assumed coverage on shares of Fidelis Insurance in a research report on Wednesday, July 17th. They set an “inline” rating and a $19.00 price target on the stock. Finally, Barclays assumed coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.44.

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.