SG Americas Securities LLC increased its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 342.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,471 shares of the company's stock after purchasing an additional 56,857 shares during the period. SG Americas Securities LLC owned 0.07% of Fidelis Insurance worth $1,190,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of FIHL. Wedge Capital Management L L P NC increased its position in Fidelis Insurance by 29.8% during the first quarter. Wedge Capital Management L L P NC now owns 72,123 shares of the company's stock worth $1,168,000 after purchasing an additional 16,543 shares during the last quarter. GAMMA Investing LLC raised its position 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 buying an additional 4,144 shares during the period. Wellington Management Group LLP boosted its holdings in Fidelis Insurance by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company's stock valued at $58,754,000 after acquiring an additional 162,524 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Fidelis Insurance by 18.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 47,804 shares of the company's stock valued at $867,000 after acquiring an additional 7,300 shares during the period. Finally, Voloridge Investment Management LLC increased its stake in Fidelis Insurance by 1,243.1% during the fourth quarter. Voloridge Investment Management LLC now owns 178,320 shares of the company's stock worth $3,233,000 after acquiring an additional 165,043 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.
Fidelis Insurance Stock Down 1.1%
Shares of NYSE:FIHL traded down $0.18 during trading on Friday, hitting $15.98. The company's stock had a trading volume of 394,013 shares, compared to its average volume of 644,622. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The stock's 50-day moving average price is $16.74 and its two-hundred day moving average price is $16.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $1.77 billion, a PE ratio of -122.80 and a beta of 0.34.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.02. The company had revenue of $658.40 million during the quarter, compared to analysts' expectations of $578.57 million. Fidelis Insurance had a positive return on equity of 0.20% and a negative net margin of 0.41%. As a group, sell-side analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.
Fidelis Insurance Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance's payout ratio is currently -307.69%.
Analyst Ratings Changes
FIHL has been the subject of a number of research reports. JMP Securities boosted their target price on Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a report on Friday, May 16th. JPMorgan Chase & Co. cut their target price on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. UBS Group increased their price target on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods decreased their target price on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup reiterated an "outperform" rating on shares of Fidelis Insurance in a report on Friday, May 16th. One research 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $20.14.
Get Our Latest Stock Report on FIHL
Fidelis Insurance 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.
See Also
Before you consider Fidelis Insurance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fidelis Insurance wasn't on the list.
While Fidelis Insurance currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
