Russell Investments Group Ltd. Trims Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Russell Investments Group Ltd. lessened its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 37.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 468,847 shares of the company's stock after selling 285,828 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.40% of Fidelis Insurance worth $8,500,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. lifted its position in shares of Fidelis Insurance by 6.7% in the 4th quarter. American Century Companies Inc. now owns 3,577,018 shares of the company's stock worth $64,851,000 after purchasing an additional 225,952 shares during the period. Wellington Management Group LLP boosted its position in Fidelis Insurance by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company's stock valued at $58,754,000 after acquiring an additional 162,524 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Fidelis Insurance by 77.9% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,166,264 shares of the company's stock worth $21,144,000 after acquiring an additional 510,699 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Fidelis Insurance by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company's stock worth $11,335,000 after acquiring an additional 44,416 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Fidelis Insurance by 21.9% in the 4th 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 period. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group raised their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. decreased their target price on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price target on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group reissued a "sell" rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Finally, Barclays decreased their target price on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $19.71.

Fidelis Insurance Stock Performance

Shares of NYSE FIHL traded up $0.13 during trading on Friday, reaching $16.13. 437,406 shares of the company traded hands, compared to its average volume of 580,721. The firm has a 50 day simple moving average of $15.59 and a 200-day simple moving average of $17.18. Fidelis Insurance Holdings Limited has a 52-week low of $14.17 and a 52-week high of $21.32. The stock has a market capitalization of $1.80 billion, a PE ratio of 4.07 and a beta of 0.28. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its 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 company had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. Equities research analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance's dividend payout ratio (DPR) is presently 42.55%.

Fidelis Insurance 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.