American Century Companies Inc. Boosts Holdings in Fidelis Insurance Holdings Limited $FIHL

Key Points

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American Century Companies Inc. raised its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,825,159 shares of the company's stock after purchasing an additional 248,141 shares during the quarter. American Century Companies Inc. owned about 3.42% of Fidelis Insurance worth $61,968,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FIHL. Garde Capital Inc. acquired a new position in Fidelis Insurance during the 1st quarter valued at approximately $62,000. GAMMA Investing LLC increased its stake in Fidelis Insurance by 1,267.3% during the 1st quarter. GAMMA Investing LLC now owns 4,471 shares of the company's stock valued at $72,000 after purchasing an additional 4,144 shares in the last quarter. Fiduciary Family Office LLC acquired a new position in Fidelis Insurance during the 1st quarter valued at approximately $162,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Fidelis Insurance in the fourth quarter worth $247,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Fidelis Insurance in the fourth quarter worth $262,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Fidelis Insurance Stock Performance

NYSE FIHL traded down $0.0350 during mid-day trading on Friday, reaching $17.5450. 700,388 shares of the stock were exchanged, compared to its average volume of 696,697. The business's 50 day moving average is $16.17 and its 200-day moving average is $16.18. Fidelis Insurance Holdings Limited has a 1 year low of $14.17 and a 1 year high of $21.32. The company has a market capitalization of $1.94 billion, a P/E ratio of -42.79 and a beta of 0.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 0.71.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.24. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate 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, equities research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on FIHL shares. Zacks Research lowered shares of Fidelis Insurance from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 13th. JMP Securities increased their price objective on shares of Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a research note on Friday, May 16th. Citigroup reiterated an "outperform" rating on shares of Fidelis Insurance in a research note on Friday, May 16th. Barclays increased their price objective on shares of Fidelis Insurance from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Fidelis Insurance from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Fidelis Insurance has a consensus rating of "Hold" and an average target price of $20.67.

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.