Fidelis Insurance’s (FIHL) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Fidelis Insurance (NYSE:FIHL) in a research report report published on Friday morning, Benzinga reports. The firm currently has a $24.00 target price on the stock.

FIHL has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Fidelis Insurance from $18.50 to $20.00 and gave the company a neutral rating in a research note on Thursday, July 11th. UBS Group reduced their target price on Fidelis Insurance from $22.50 to $22.00 and set a buy rating for the company in a research note on Tuesday, May 14th. Finally, Evercore ISI assumed coverage on shares of Fidelis Insurance in a research note on Wednesday, July 17th. They issued an inline rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $20.00.

Fidelis Insurance Trading Up 0.9 %

Shares of NYSE:FIHL opened at $18.76 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.18. Fidelis Insurance has a 12-month low of $11.55 and a 12-month high of $20.53. The business has a 50 day moving average of $16.89 and a two-hundred day moving average of $17.06. The company has a market capitalization of $2.21 billion, a PE ratio of 4.55 and a beta of -0.10.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Monday, September 16th. Fidelis Insurance’s payout ratio is currently 9.71%.

Hedge Funds Weigh In On Fidelis Insurance

Several institutional investors and hedge funds have recently bought and sold shares of FIHL. Cambridge Trust Co. purchased a new position in shares of Fidelis Insurance during the 1st quarter worth $58,000. EntryPoint Capital LLC purchased a new stake in Fidelis Insurance in the 1st quarter valued at about $63,000. Ameritas Investment Partners Inc. lifted its position in Fidelis Insurance by 297.6% in the first quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company’s stock valued at $118,000 after buying an additional 4,523 shares during the last quarter. California State Teachers Retirement System boosted its stake in Fidelis Insurance by 144.4% during the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock worth $119,000 after buying an additional 3,606 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fidelis Insurance during the second quarter valued at about $140,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

About Fidelis Insurance

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.