Fidelis Insurance (NYSE:FIHL) Price Target Raised to $26.00 at Keefe, Bruyette & Woods

Fidelis Insurance (NYSE:FIHL) had its price objective lifted by Keefe, Bruyette & Woods from $25.00 to $26.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also recently issued reports on FIHL. Evercore ISI began coverage on shares of Fidelis Insurance in a report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 target price on the stock. Barclays initiated coverage on Fidelis Insurance in a report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Fidelis Insurance in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 target price for the company. Finally, JMP Securities reissued a “market outperform” rating and set a $24.00 price objective on shares of Fidelis Insurance in a research note on Friday, August 16th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.69.

Fidelis Insurance Trading Down 0.3 %

FIHL traded down $0.06 during mid-day trading on Thursday, reaching $19.67. The stock had a trading volume of 266,138 shares, compared to its average volume of 567,393. Fidelis Insurance has a 52 week low of $11.55 and a 52 week high of $21.32. The firm’s fifty day simple moving average is $17.92 and its two-hundred day simple moving average is $17.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.65 and a current ratio of 0.68. The stock has a market capitalization of $2.32 billion, a P/E ratio of 4.97 and a beta of -0.01.

Fidelis Insurance (NYSE:FIHL) last issued its earnings results on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.15). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $547.10 million during the quarter, compared to the consensus estimate of $582.19 million. On average, equities analysts predict that Fidelis Insurance will post 2.9 EPS for the current year.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.03%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

Institutional Investors Weigh In On Fidelis Insurance

A number of institutional investors and hedge funds have recently modified their holdings of FIHL. American Century Companies Inc. grew its stake in Fidelis Insurance by 62.0% in the 2nd quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock worth $53,261,000 after acquiring an additional 1,249,853 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Fidelis Insurance by 78.6% during the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock valued at $17,593,000 after purchasing an additional 474,714 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Fidelis Insurance by 3.0% during the first quarter. Russell Investments Group Ltd. now owns 839,237 shares of the company’s stock valued at $16,348,000 after buying an additional 24,063 shares during the period. Boston Partners raised its position in shares of Fidelis Insurance by 213.7% in the 1st quarter. Boston Partners now owns 714,683 shares of the company’s stock worth $13,922,000 after acquiring an additional 486,888 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in Fidelis Insurance by 12.8% during the third quarter. Loomis Sayles & Co. L P now owns 655,565 shares of the company’s stock valued at $11,839,000 after purchasing an additional 74,445 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

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.