Boston Partners Sells 787,916 Shares of Fidelis Insurance Holdings Limited $FIHL

Key Points

• Boston Partners significantly reduced its stake in Fidelis Insurance Holdings Limited by selling 787,916 shares, resulting in a 95% decrease, leaving it with just 41,084 shares.
• Fidelis Insurance's stock has seen mixed analyst ratings, with target prices ranging from $16.00 to $27.00, and a consensus rating of "Hold."
• The company reported a profit of $0.12 per share for the latest quarter, surpassing expectations, and reported revenue of $1.22 billion, much higher than the projected $604.62 million.

Boston Partners lowered its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 95.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,084 shares of the company's stock after selling 787,916 shares during the period. Boston Partners' holdings in Fidelis Insurance were worth $666,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Garde Capital Inc. bought a new position in shares of Fidelis Insurance in the 1st quarter worth about $62,000. GAMMA Investing LLC grew its stake in shares of Fidelis Insurance by 1,267.3% in the 1st quarter. GAMMA Investing LLC now owns 4,471 shares of the company's stock worth $72,000 after purchasing an additional 4,144 shares during the last quarter. Fiduciary Family Office LLC acquired a new position in shares of Fidelis Insurance in the 1st quarter worth approximately $162,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Fidelis Insurance in the fourth quarter worth approximately $247,000. Finally, ProShare Advisors LLC purchased a new position in shares of Fidelis Insurance in the fourth quarter worth approximately $262,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on FIHL. Zacks Research cut shares of Fidelis Insurance from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Citigroup reiterated an "outperform" rating on shares of Fidelis Insurance in a research note on Friday, May 16th. JMP Securities lifted their price target on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a "market outperform" rating in a research report on Friday, May 16th. Keefe, Bruyette & Woods boosted their target price on shares of Fidelis Insurance from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Finally, Barclays boosted their target price on shares of Fidelis Insurance from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.67.

Fidelis Insurance Stock Down 0.2%

NYSE FIHL traded down $0.0340 during trading hours on Friday, reaching $17.5460. 363,374 shares of the company's stock were exchanged, compared to its average volume of 652,315. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -42.88 and a beta of 0.25. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The company's 50-day moving average is $16.15 and its two-hundred day moving average is $16.17. 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 issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.24. Fidelis Insurance had a negative net margin of 1.70% and a negative return on equity of 1.81%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $604.62 million. On average, analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

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.