BNP Paribas Financial Markets Buys Shares of 28,791 Fidelis Insurance Holdings Limited (NYSE:FIHL)

BNP Paribas Financial Markets purchased a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 28,791 shares of the company's stock, valued at approximately $522,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIHL. American Century Companies Inc. boosted its stake in Fidelis Insurance by 6.7% during the fourth quarter. American Century Companies Inc. now owns 3,577,018 shares of the company's stock valued at $64,851,000 after buying an additional 225,952 shares during the last quarter. Wellington Management Group LLP boosted its stake in Fidelis Insurance by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company's stock valued at $58,754,000 after buying an additional 162,524 shares during the last quarter. LSV Asset Management bought a new stake in shares of Fidelis Insurance in the 4th quarter valued at approximately $24,435,000. Loomis Sayles & Co. L P lifted its stake 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 valued at $21,144,000 after purchasing an additional 510,699 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Fidelis Insurance by 1.0% in the 4th quarter. Federated Hermes Inc. now owns 1,108,108 shares of the company's stock valued at $20,090,000 after purchasing an additional 11,200 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Trading Up 1.6%

Shares of NYSE FIHL traded up $0.27 during midday trading on Thursday, hitting $17.17. The company's stock had a trading volume of 796,573 shares, compared to its average volume of 550,213. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The business's 50 day moving average is $16.40 and its two-hundred day moving average is $16.96. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The firm has a market cap of $1.90 billion, a P/E ratio of 4.34 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.02. The firm had revenue of $658.40 million for the quarter, compared to the consensus estimate of $578.57 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. As a group, equities research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Monday, June 16th. Fidelis Insurance's dividend payout ratio (DPR) is presently -307.69%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FIHL shares. JPMorgan Chase & Co. lowered their price objective on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. 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 note on Friday, March 7th. Citigroup reaffirmed an "outperform" rating on shares of Fidelis Insurance in a research note on Friday, May 16th. Barclays lowered their price objective on 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. Finally, JMP Securities raised their price objective on Fidelis Insurance from $24.00 to $27.00 and gave the company a "market outperform" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $20.14.

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.