Northern Trust Corp increased its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,023 shares of the company's stock after acquiring an additional 24,823 shares during the period. Northern Trust Corp owned about 0.29% of Fidelis Insurance worth $6,165,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Fidelis Insurance in the fourth quarter worth $26,000. Sterling Capital Management LLC raised its position in shares of Fidelis Insurance by 6.5% in the fourth quarter. Sterling Capital Management LLC now owns 23,889 shares of the company's stock worth $433,000 after buying an additional 1,448 shares in the last quarter. Invesco Ltd. raised its position in shares of Fidelis Insurance by 1.6% in the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company's stock worth $1,656,000 after buying an additional 1,475 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Fidelis Insurance by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company's stock worth $1,167,000 after buying an additional 1,967 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Fidelis Insurance by 22.4% during the fourth 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 in the last quarter. 81.99% of the stock is owned by institutional investors.
Fidelis Insurance Stock Down 3.7%
Fidelis Insurance stock traded down $0.63 during trading hours on Thursday, hitting $16.43. 446,671 shares of the stock traded hands, compared to its average volume of 567,303. 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's 50-day moving average price is $16.28 and its two-hundred day moving average price is $17.01. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The company has a market cap of $1.82 billion, a PE ratio of 4.15 and a beta of 0.28.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.41) earnings per share for the quarter, topping analysts' consensus estimates of ($0.43) by $0.02. The company had revenue of $658.40 million during the quarter, compared to analyst estimates of $578.57 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. On average, research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.
Fidelis Insurance Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Monday, June 16th. Fidelis Insurance's dividend payout ratio (DPR) is presently -307.69%.
Wall Street Analyst Weigh In
FIHL has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Barclays lowered their price target on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. UBS Group raised their price target on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Citigroup restated an "outperform" rating on shares of Fidelis Insurance in a research report on Friday, May 16th. Finally, JMP Securities lifted their price objective on Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a report on Friday, May 16th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.14.
Read Our Latest Analysis on Fidelis Insurance
Fidelis Insurance Company Profile
(
Free Report)
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.
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