Fidelis Insurance Holdings Limited (FIHL) to Issue Quarterly Dividend of $0.15 on December 23rd

Fidelis Insurance Holdings Limited (NYSE:FIHL) declared a quarterly dividend on Monday, November 3rd. Shareholders of record on Wednesday, December 10th will be given a dividend of 0.15 per share on Tuesday, December 23rd. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, December 10th.

Fidelis Insurance has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fidelis Insurance to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.7%.

Fidelis Insurance Stock Up 0.9%

Fidelis Insurance stock opened at $18.04 on Wednesday. The firm has a market cap of $2.00 billion, a PE ratio of -43.99 and a beta of 0.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 0.71. The firm’s 50 day moving average price is $17.81 and its two-hundred day moving average price is $16.96. Fidelis Insurance has a twelve month low of $14.17 and a twelve month high of $21.32.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.24. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $604.62 million. Fidelis Insurance had a negative net margin of 1.70% and a negative return on equity of 1.81%. On average, research analysts predict that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FIHL shares. Evercore ISI reaffirmed a “mixed” rating on shares of Fidelis Insurance in a research report on Wednesday, October 1st. Zacks Research raised shares of Fidelis Insurance from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fidelis Insurance in a research report on Wednesday, October 8th. Finally, Barclays lifted their price target on shares of Fidelis Insurance from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.71.

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.