Joel Isaacson & Co. LLC Invests $315,000 in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Joel Isaacson & Co. LLC bought a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,462 shares of the company's stock, valued at approximately $315,000.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Fidelis Insurance by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 70,149 shares of the company's stock valued at $1,272,000 after purchasing an additional 6,786 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Fidelis Insurance by 9.5% in the 4th quarter. Bank of America Corp DE now owns 437,516 shares of the company's stock valued at $7,932,000 after buying an additional 38,015 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Fidelis Insurance in the fourth quarter worth approximately $522,000. SG Americas Securities LLC raised its position in Fidelis Insurance by 342.2% during the first quarter. SG Americas Securities LLC now owns 73,471 shares of the company's stock valued at $1,190,000 after acquiring an additional 56,857 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Fidelis Insurance by 31.0% during the fourth quarter. Ameriprise Financial Inc. now owns 119,039 shares of the company's stock valued at $2,158,000 after acquiring an additional 28,152 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barclays dropped their price target on shares of 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. Citigroup restated an "outperform" rating on shares of Fidelis Insurance in a report on Friday, May 16th. JMP Securities boosted their price target on Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. cut their price objective on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group upped their target price on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Fidelis Insurance presently has a consensus rating of "Hold" and an average target price of $20.29.

Fidelis Insurance Stock Performance

FIHL traded down $0.06 during midday trading on Thursday, reaching $16.19. The company's stock had a trading volume of 344,305 shares, compared to its average volume of 569,770. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $16.75 and a 200 day simple moving average of $16.42. The stock has a market cap of $1.79 billion, a P/E ratio of -124.53 and a beta of 0.27. Fidelis Insurance Holdings Limited has a twelve month low of $14.17 and a twelve month high of $21.32.

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 firm had revenue of $658.40 million during the quarter, compared to analysts' expectations of $578.57 million. Fidelis Insurance had a negative net margin of 0.41% and a positive return on equity of 0.20%. Research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 16th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.40 annualized dividend and a yield of 2.47%. Fidelis Insurance's dividend payout ratio (DPR) is -307.69%.

Fidelis Insurance Company 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.