Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE grew its position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 9.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 437,516 shares of the company's stock after buying an additional 38,015 shares during the period. Bank of America Corp DE owned 0.37% of Fidelis Insurance worth $7,932,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in Fidelis Insurance in the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its stake in Fidelis Insurance by 1,862.9% in the 4th 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 in the last quarter. Fox Run Management L.L.C. acquired a new stake in Fidelis Insurance in the 4th quarter worth approximately $235,000. Schonfeld Strategic Advisors LLC acquired a new stake in Fidelis Insurance in the 4th quarter worth approximately $247,000. Finally, XTX Topco Ltd acquired a new stake in Fidelis Insurance in the 4th quarter worth approximately $277,000. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on FIHL shares. Citigroup reiterated an "outperform" rating on shares of Fidelis Insurance in a research note on Friday, May 16th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. JMP Securities raised their price target on shares of Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a research report on Friday, May 16th. Barclays reduced their price target on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price target 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. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $20.14.

Fidelis Insurance Stock Performance

Shares of NYSE:FIHL traded up $0.08 during trading on Wednesday, hitting $16.92. 936,294 shares of the stock traded hands, compared to its average volume of 552,775. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 4.27 and a beta of 0.28. The company has a fifty day moving average price of $16.35 and a two-hundred day moving average price of $16.97. Fidelis Insurance Holdings Limited has a 52-week low of $14.17 and a 52-week high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.02. The firm 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%. As a group, equities analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

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. The ex-dividend date is Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.36%. Fidelis Insurance's dividend payout ratio is currently -307.69%.

About Fidelis Insurance

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.