Nuveen LLC Takes $12.86 Million Position in Fidelis Insurance Holdings Limited $FIHL

Key Points

• Nuveen LLC has acquired a new stake in Fidelis Insurance Holdings, purchasing 793,927 shares valued at approximately $12.86 million during the first quarter.
• Fidelis Insurance reported $1.22 billion in revenue for the last quarter, significantly exceeding analyst expectations of $604.62 million, with earnings of $0.12 per share.
• Recent analyst ratings show a mix of sentiments towards Fidelis Insurance, with one firm upgrading the stock's target price to $27.00, while another downgraded it to a "strong sell."

Nuveen LLC acquired a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 793,927 shares of the company's stock, valued at approximately $12,862,000. Nuveen LLC owned approximately 0.71% of Fidelis Insurance as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FIHL. Zimmer Partners LP acquired a new stake in Fidelis Insurance in the 4th quarter valued at $31,991,000. Citadel Advisors LLC lifted its stake in shares of Fidelis Insurance by 2,922.7% in the fourth quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company's stock valued at $28,462,000 after buying an additional 1,517,927 shares in the last quarter. LSV Asset Management lifted its stake in shares of Fidelis Insurance by 87.7% in the first quarter. LSV Asset Management now owns 2,529,195 shares of the company's stock valued at $40,973,000 after buying an additional 1,181,439 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Fidelis Insurance by 181.2% during the fourth quarter. Millennium Management LLC now owns 825,772 shares of the company's stock valued at $14,971,000 after buying an additional 532,110 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Fidelis Insurance by 3,511.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 539,783 shares of the company's stock worth $9,785,000 after acquiring an additional 524,835 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JMP Securities upped their target price on shares of Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a report on Friday, May 16th. Zacks Research downgraded Fidelis Insurance from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods raised their target price on Fidelis Insurance from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. Citigroup reaffirmed an "outperform" rating on shares of Fidelis Insurance in a research report on Friday, May 16th. Finally, Barclays increased their price target on Fidelis Insurance from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $20.67.

Fidelis Insurance Stock Performance

Fidelis Insurance stock traded up $0.06 during mid-day trading on Wednesday, reaching $16.92. 95,925 shares of the company's stock were exchanged, compared to its average volume of 649,617. The business's fifty day simple moving average is $16.20 and its 200 day simple moving average is $16.18. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The firm has a market capitalization of $1.87 billion, a PE ratio of -41.30 and a beta of 0.25.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.24. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $604.62 million. Fidelis Insurance had a negative return on equity of 1.81% and a negative net margin of 1.70%. On average, sell-side analysts expect that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

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.