Fidelis Insurance (NYSE:FIHL) Issues Earnings Results

Fidelis Insurance (NYSE:FIHL) issued its quarterly earnings data on Tuesday. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98), Zacks reports. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%.

Fidelis Insurance Stock Performance

Shares of NYSE FIHL traded down $0.09 during mid-day trading on Tuesday, hitting $14.43. The company had a trading volume of 799,837 shares, compared to its average volume of 589,745. 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. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 3.64 and a beta of 0.49. The stock’s 50-day moving average price is $16.82 and its 200-day moving average price is $17.90.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance’s payout ratio is currently 10.10%.

Analyst Ratings Changes

FIHL has been the subject of several recent research reports. UBS Group decreased their price target on Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Barclays reduced their target price on shares of 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. JPMorgan Chase & Co. dropped their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods reduced their target price on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.