Fidelis Insurance Holdings Limited (FIHL) to Issue Quarterly Dividend of $0.10 on December 20th

Fidelis Insurance Holdings Limited (NYSE:FIHL) declared a quarterly dividend on Monday, November 4th,NASDAQ Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.10 per share on Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, November 29th.

Fidelis Insurance has a payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Fidelis Insurance to earn $3.86 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.4%.

Fidelis Insurance Stock Performance

Shares of FIHL opened at $20.58 on Wednesday. Fidelis Insurance has a 1 year low of $11.55 and a 1 year high of $21.32. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 5.20 and a beta of -0.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a fifty day moving average of $18.27 and a 200-day moving average of $17.55.

Wall Street Analysts Forecast Growth

FIHL has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on shares of Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective for the company. Keefe, Bruyette & Woods upped their price objective on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Barclays initiated coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price target on the stock. Finally, JMP Securities reiterated a “market outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a research report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelis Insurance currently has an average rating of “Hold” and an average target price of $20.69.

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.