Joel Isaacson & Co. LLC bought a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 19,462 shares of the company's stock, valued at approximately $315,000.
Several other hedge funds also recently made changes to their positions in the company. Garde Capital Inc. bought a new position in shares of Fidelis Insurance in the 1st quarter worth about $62,000. GAMMA Investing LLC lifted its holdings in Fidelis Insurance by 1,267.3% in the first quarter. GAMMA Investing LLC now owns 4,471 shares of the company's stock worth $72,000 after acquiring an additional 4,144 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Fidelis Insurance in the fourth quarter worth about $235,000. Schonfeld Strategic Advisors LLC acquired a new position in Fidelis Insurance in the fourth quarter valued at approximately $247,000. Finally, ProShare Advisors LLC bought a new position in shares of Fidelis Insurance during the fourth quarter valued at approximately $262,000. Institutional investors and hedge funds own 81.99% of the company's stock.
Analysts Set New Price Targets
FIHL has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price target on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Barclays cut their target price on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. UBS Group upped their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. cut their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, JMP Securities boosted their target price on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a "market outperform" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.14.
Get Our Latest Analysis on FIHL
Fidelis Insurance Price Performance
Shares of FIHL opened at $16.30 on Monday. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The stock's fifty day moving average is $16.73 and its 200-day moving average is $16.44. 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 firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -125.37 and a beta of 0.34.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.43) by $0.02. Fidelis Insurance had a negative net margin of 0.41% and a positive return on equity of 0.20%. The firm had revenue of $658.40 million during the quarter, compared to analyst estimates of $578.57 million. Equities analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.
Fidelis Insurance Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 16th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.45%. Fidelis Insurance's dividend payout ratio is presently -307.69%.
About Fidelis Insurance
(
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.
Further Reading
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