LSV Asset Management Has $40.97 Million Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Key Points

• LSV Asset Management increased its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 87.7%, acquiring over 1.18 million shares, bringing its total ownership to approximately 2.53 million shares valued at $40.97 million.
• Fidelis reported a quarterly loss of ($0.41) earnings per share but surpassed revenue expectations with $658.4 million against the forecast of $578.57 million.
• The company announced a quarterly dividend of $0.10, reflecting a dividend yield of 2.7%, despite a negative dividend payout ratio of -307.69%.

LSV Asset Management lifted its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 87.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,529,195 shares of the company's stock after acquiring an additional 1,181,439 shares during the quarter. LSV Asset Management owned approximately 2.26% of Fidelis Insurance worth $40,973,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Garde Capital Inc. bought a new position in Fidelis Insurance in the 1st quarter valued at $62,000. GAMMA Investing LLC increased its stake 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 valued at $72,000 after buying an additional 4,144 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Fidelis Insurance in the 4th quarter valued at $247,000. ProShare Advisors LLC acquired a new stake in shares of Fidelis Insurance in the 4th quarter valued at $262,000. Finally, XTX Topco Ltd acquired a new stake in shares of Fidelis Insurance in the 4th quarter valued at $277,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays lifted their target price on Fidelis Insurance from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods lifted their target price on Fidelis Insurance from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. JMP Securities lifted their target price on Fidelis Insurance from $24.00 to $27.00 and gave the company a "market outperform" rating in a research note on Friday, May 16th. Finally, Citigroup reissued an "outperform" rating on shares of Fidelis Insurance in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Fidelis Insurance presently has an average rating of "Hold" and an average price target of $20.67.

Fidelis Insurance Trading Up 2.1%

Shares of Fidelis Insurance stock traded up $0.34 during trading on Thursday, reaching $16.41. 871,615 shares of the company were exchanged, compared to its average volume of 646,852. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.19. Fidelis Insurance Holdings Limited has a twelve month low of $14.17 and a twelve month high of $21.32. The business has a 50-day moving average price of $16.21 and a 200-day moving average price of $16.14. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -126.20 and a beta of 0.25.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted 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 positive return on equity of 0.20% and a negative net margin of 0.41%. The firm had revenue of $658.40 million during the quarter, compared to analysts' expectations of $578.57 million. Sell-side analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

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.