Bridgeway Capital Management LLC Purchases 122,851 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Bridgeway Capital Management LLC grew its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 675,559 shares of the company's stock after purchasing an additional 122,851 shares during the quarter. Bridgeway Capital Management LLC owned about 0.57% of Fidelis Insurance worth $12,248,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of Fidelis Insurance by 306.7% during the third quarter. Barclays PLC now owns 68,184 shares of the company's stock worth $1,231,000 after purchasing an additional 51,419 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Fidelis Insurance during the 4th quarter valued at $1,008,000. R Squared Ltd bought a new position in shares of Fidelis Insurance in the 4th quarter worth $26,000. Empowered Funds LLC increased its holdings in Fidelis Insurance by 21.9% in the fourth quarter. Empowered Funds LLC now owns 433,559 shares of the company's stock valued at $7,860,000 after purchasing an additional 77,851 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Fidelis Insurance by 5.1% during the fourth quarter. Rhumbline Advisers now owns 76,054 shares of the company's stock worth $1,379,000 after buying an additional 3,689 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIHL has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods dropped their target price on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Barclays cut their price target on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Fidelis Insurance currently has an average rating of "Hold" and a consensus price target of $19.71.

Fidelis Insurance Price Performance

Shares of FIHL stock traded down $0.04 during trading hours on Monday, reaching $16.98. The company's stock had a trading volume of 246,773 shares, compared to its average volume of 567,729. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The firm's 50 day simple moving average is $15.86 and its 200-day simple moving average is $17.01. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 4.29 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). The firm had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. Sell-side analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Monday, June 16th. Fidelis Insurance's payout ratio is 42.55%.

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.