Fidelis Insurance (NYSE:FIHL) Issues Quarterly Earnings Results, Misses Expectations By $1.98 EPS

Fidelis Insurance (NYSE:FIHL) issued its quarterly earnings data on Tuesday. The company reported ($1.05) earnings per share 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%. The firm had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million.

Fidelis Insurance Price Performance

FIHL traded up $0.60 on Wednesday, reaching $15.01. 36,154 shares of the company’s stock were exchanged, compared to its average volume of 574,663. Fidelis Insurance has a twelve month low of $14.17 and a twelve month high of $21.32. The stock has a market cap of $1.77 billion, a PE ratio of 3.77 and a beta of 0.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The stock’s fifty day moving average price is $16.74 and its 200-day moving average price is $17.88.

Fidelis Insurance Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays reduced their price target on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. UBS Group decreased their target price on Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Keefe, Bruyette & Woods cut their price target on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.29.

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.