Fidelis Insurance (NYSE:FIHL) Issues Quarterly Earnings Results

Fidelis Insurance (NYSE:FIHL) released its earnings results on Tuesday. The company reported ($1.05) EPS for the quarter, missing the consensus estimate 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%. The company had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million.

Fidelis Insurance Price Performance

Shares of FIHL traded up $0.60 during mid-day trading on Wednesday, hitting $15.01. The company’s stock had a trading volume of 36,154 shares, compared to its average volume of 574,663. 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 firm has a market capitalization of $1.77 billion, a P/E ratio of 3.77 and a beta of 0.49. The firm has a 50-day simple moving average of $16.74 and a 200 day simple moving average of $17.88.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio (DPR) is 10.10%.

Analysts Set New Price Targets

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