Ameriprise Financial Inc. Acquires 28,152 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Ameriprise Financial Inc. boosted its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,039 shares of the company's stock after purchasing an additional 28,152 shares during the quarter. Ameriprise Financial Inc. owned about 0.10% of Fidelis Insurance worth $2,158,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Fidelis Insurance during the fourth quarter worth $26,000. Venturi Wealth Management LLC boosted its position in Fidelis Insurance by 1,862.9% during the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock worth $111,000 after purchasing an additional 5,831 shares during the period. Fox Run Management L.L.C. bought a new position in Fidelis Insurance during the fourth quarter worth $235,000. Schonfeld Strategic Advisors LLC bought a new position in Fidelis Insurance during the fourth quarter worth $247,000. Finally, XTX Topco Ltd bought a new position in Fidelis Insurance during the fourth quarter worth $277,000. 81.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced 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. Citigroup reissued an "outperform" rating on shares of Fidelis Insurance in a report on Friday, May 16th. UBS Group lifted their target price on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods dropped their target price on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Barclays dropped their target price on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $20.14.

Fidelis Insurance Price Performance

FIHL stock traded up $0.28 during midday trading on Friday, reaching $17.48. The company had a trading volume of 733,147 shares, compared to its average volume of 550,668. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 4.41 and a beta of 0.28. The stock has a 50 day moving average price of $16.43 and a 200-day moving average price of $16.94. Fidelis Insurance Holdings Limited has a 1-year low of $14.17 and a 1-year high of $21.32. 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 (NYSE:FIHL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, beating analysts' consensus estimates of ($0.43) by $0.02. The business had revenue of $658.40 million during 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%. Equities research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance's dividend payout ratio (DPR) is presently -307.69%.

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.