Dimensional Fund Advisors LP grew its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 3,511.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 539,783 shares of the company's stock after purchasing an additional 524,835 shares during the period. Dimensional Fund Advisors LP owned approximately 0.46% of Fidelis Insurance worth $9,785,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in Fidelis Insurance during the 4th quarter valued at $26,000. Sterling Capital Management LLC boosted its position in shares of Fidelis Insurance by 6.5% during the fourth quarter. Sterling Capital Management LLC now owns 23,889 shares of the company's stock worth $433,000 after purchasing an additional 1,448 shares in the last quarter. Invesco Ltd. lifted its stake in Fidelis Insurance by 1.6% in the 4th quarter. Invesco Ltd. now owns 91,317 shares of the company's stock valued at $1,656,000 after acquiring an additional 1,475 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Fidelis Insurance by 3.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company's stock worth $1,167,000 after purchasing an additional 1,967 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Fidelis Insurance by 22.4% in the 4th quarter. New York State Common Retirement Fund now owns 15,311 shares of the company's stock valued at $278,000 after purchasing an additional 2,800 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on FIHL shares. Barclays decreased their price target on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. 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 report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, UBS Group increased 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Fidelis Insurance currently has an average rating of "Hold" and an average price target of $19.71.
Read Our Latest Stock Analysis on FIHL
Fidelis Insurance Stock Performance
Shares of FIHL traded up $0.03 during mid-day trading on Tuesday, hitting $17.27. The stock had a trading volume of 354,237 shares, compared to its average volume of 568,657. The business has a fifty day moving average price of $15.90 and a 200-day moving average price of $17.01. Fidelis Insurance Holdings Limited has a 52 week low of $14.17 and a 52 week high of $21.32. The firm has a market cap of $1.93 billion, a P/E ratio of 4.36 and a beta of 0.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.93 by ($1.98). The firm had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. On average, equities research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.
Fidelis Insurance Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be issued a $0.10 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.32%. Fidelis Insurance's dividend payout ratio is currently 42.55%.
About Fidelis Insurance
(
Free Report)
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.
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