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

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

A number of other large investors have also added to or reduced their stakes in FIHL. American Century Companies Inc. raised its holdings in Fidelis Insurance by 6.7% during the 4th quarter. American Century Companies Inc. now owns 3,577,018 shares of the company's stock worth $64,851,000 after purchasing an additional 225,952 shares during the last quarter. Wellington Management Group LLP raised its holdings in Fidelis Insurance by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company's stock worth $58,754,000 after purchasing an additional 162,524 shares during the last quarter. Citadel Advisors LLC raised its holdings in Fidelis Insurance by 2,922.7% during the 4th quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company's stock worth $28,462,000 after purchasing an additional 1,517,927 shares during the last quarter. LSV Asset Management bought a new position in Fidelis Insurance during the 4th quarter worth approximately $24,435,000. Finally, Loomis Sayles & Co. L P raised its holdings in Fidelis Insurance by 77.9% during the 4th 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 last quarter. Institutional investors own 81.99% of the company's stock.

Wall Street Analyst Weigh In

FIHL has been the subject of several analyst reports. UBS Group raised their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. lowered their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Barclays lowered their price objective 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. Finally, Citigroup reiterated an "outperform" rating on shares of Fidelis Insurance in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $20.14.

Fidelis Insurance Stock Performance

Shares of FIHL stock traded up $0.30 during trading hours on Wednesday, reaching $17.87. 1,017,301 shares of the company traded hands, compared to its average volume of 555,192. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $1.98 billion, a P/E ratio of 4.51 and a beta of 0.28. The firm has a 50-day moving average price of $16.52 and a 200 day moving average price of $16.91.

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

Fidelis Insurance Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance's payout ratio is -307.69%.

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.