BNP Paribas Financial Markets Purchases New Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

BNP Paribas Financial Markets purchased a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,791 shares of the company's stock, valued at approximately $522,000.

Several other hedge funds have also modified their holdings of FIHL. R Squared Ltd acquired a new stake in shares of Fidelis Insurance during the 4th quarter worth approximately $26,000. Sterling Capital Management LLC grew its holdings in Fidelis Insurance by 6.5% during the 4th quarter. Sterling Capital Management LLC now owns 23,889 shares of the company's stock worth $433,000 after acquiring an additional 1,448 shares during the period. Invesco Ltd. raised its position in shares of Fidelis Insurance by 1.6% during 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 during the last quarter. Envestnet Asset Management Inc. raised its position 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 valued at $1,167,000 after acquiring an additional 1,967 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of 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. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Stock Up 1.0%

Shares of NYSE FIHL traded up $0.17 during mid-day trading on Thursday, hitting $17.07. The company had a trading volume of 49,674 shares, compared to its average volume of 549,252. 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 firm has a 50-day simple moving average of $16.37 and a two-hundred day simple moving average of $16.97. The company has a market capitalization of $1.89 billion, a PE ratio of 4.28 and a beta of 0.28. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted 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. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The firm had revenue of $658.40 million for the quarter, compared to analyst estimates of $578.57 million. On average, equities 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. Stockholders 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 2.34%. Fidelis Insurance's payout ratio is -307.69%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FIHL shares. Citigroup restated an "outperform" rating on shares of Fidelis Insurance in a report on Friday, May 16th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. lowered 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. Barclays cut their target price on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Finally, JMP Securities boosted their price target on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a "market outperform" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.