ProShare Advisors LLC Makes New Investment in Fidelis Insurance Holdings Limited (NYSE:FIHL)

ProShare Advisors LLC purchased a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 14,467 shares of the company's stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Citadel Advisors LLC lifted its holdings in Fidelis Insurance by 2,922.7% during the fourth quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company's stock worth $28,462,000 after acquiring an additional 1,517,927 shares in the last quarter. LSV Asset Management bought a new stake in Fidelis Insurance during the fourth quarter worth about $24,435,000. Millennium Management LLC boosted its holdings in shares of Fidelis Insurance by 181.2% in the 4th 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. Dimensional Fund Advisors LP lifted its stake in Fidelis Insurance by 3,511.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 539,783 shares of the company's stock valued at $9,785,000 after acquiring an additional 524,835 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in Fidelis Insurance by 77.9% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,166,264 shares of the company's stock worth $21,144,000 after purchasing an additional 510,699 shares during the period. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Stock Performance

NYSE FIHL traded down $0.07 during trading on Tuesday, reaching $17.58. The company's stock had a trading volume of 461,744 shares, compared to its average volume of 550,983. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 12 month low of $14.17 and a 12 month high of $21.32. The firm has a 50 day moving average price of $16.46 and a 200 day moving average price of $16.90. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 4.44 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, topping analysts' consensus estimates of ($0.43) by $0.02. The firm had revenue of $658.40 million for the quarter, compared to analyst estimates of $578.57 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. As a group, equities analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance's payout ratio is presently -307.69%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. UBS Group increased their price target on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Citigroup reissued an "outperform" rating on shares of Fidelis Insurance in a research report on Friday, May 16th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Barclays decreased 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. Finally, JMP Securities raised their price objective on shares of Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.