Nuveen Asset Management LLC Lowers Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Nuveen Asset Management LLC lowered its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 25.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 820,886 shares of the company's stock after selling 277,169 shares during the period. Nuveen Asset Management LLC owned about 0.70% of Fidelis Insurance worth $14,883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Fidelis Insurance by 2.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company's stock worth $529,000 after buying an additional 661 shares during the period. R Squared Ltd purchased a new position in Fidelis Insurance in the fourth quarter valued at approximately $26,000. Sterling Capital Management LLC lifted its stake in Fidelis Insurance by 6.5% in the fourth quarter. Sterling Capital Management LLC now owns 23,889 shares of the company's stock valued at $433,000 after purchasing an additional 1,448 shares during the last quarter. Invesco Ltd. lifted its position in shares of Fidelis Insurance by 1.6% during the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company's stock worth $1,656,000 after acquiring an additional 1,475 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Fidelis Insurance by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company's stock worth $1,167,000 after buying an additional 1,967 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Stock Performance

Shares of Fidelis Insurance stock traded up $0.30 during trading on Thursday, hitting $17.20. 538,671 shares of the company's stock were exchanged, compared to its average volume of 550,127. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The business has a 50-day simple moving average of $16.37 and a 200-day simple moving average of $16.97. Fidelis Insurance Holdings Limited has a 52-week low of $14.17 and a 52-week high of $21.32. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 4.34 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly 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. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The company had revenue of $658.40 million for the quarter, compared to analyst estimates of $578.57 million. On average, research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance's dividend payout ratio (DPR) is -307.69%.

Analysts Set New Price Targets

A number of research firms recently commented on FIHL. JMP Securities increased 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. UBS Group lifted their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, March 7th. 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. 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. Finally, Barclays decreased their target price on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. One investment 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. According to data from MarketBeat, Fidelis Insurance currently has an average rating of "Hold" and a consensus price target of $20.14.

Fidelis Insurance 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.