28,791 Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,791 shares of the company's stock, valued at approximately $522,000.

A number of other hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its stake 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 acquiring an additional 225,952 shares during the last quarter. Wellington Management Group LLP raised 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 worth $58,754,000 after purchasing an additional 162,524 shares during the period. LSV Asset Management acquired a new position in Fidelis Insurance in the 4th quarter valued at about $24,435,000. Loomis Sayles & Co. L P grew 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 buying an additional 510,699 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Fidelis Insurance by 1.0% during the 4th quarter. Federated Hermes Inc. now owns 1,108,108 shares of the company's stock valued at $20,090,000 after buying an additional 11,200 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Fidelis Insurance Stock Up 2.6%

Shares of Fidelis Insurance stock traded up $0.42 on Tuesday, reaching $16.86. 702,118 shares of the company were exchanged, compared to its average volume of 551,241. The stock's 50 day moving average price is $16.32 and its 200-day moving average price is $16.97. 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 Holdings Limited has a 1-year low of $14.17 and a 1-year high of $21.32. The company has a market cap of $1.87 billion, a P/E ratio of 4.26 and a beta of 0.28.

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

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance's dividend payout ratio (DPR) is -307.69%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JMP Securities increased their price target on Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a report on Friday, May 16th. Citigroup reissued an "outperform" rating on shares of Fidelis Insurance in a research note on Friday, May 16th. 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. UBS Group boosted their target price on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Fidelis Insurance has a consensus rating of "Hold" and a consensus price target of $20.14.

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.