Wedge Capital Management L L P NC Purchases 16,543 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Wedge Capital Management L L P NC lifted its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 29.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,123 shares of the company's stock after acquiring an additional 16,543 shares during the period. Wedge Capital Management L L P NC owned approximately 0.06% of Fidelis Insurance worth $1,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIHL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 in the last quarter. Sterling Capital Management LLC raised its stake in Fidelis Insurance by 6.5% in the 4th quarter. Sterling Capital Management LLC now owns 23,889 shares of the company's stock valued at $433,000 after acquiring an additional 1,448 shares during the period. Invesco Ltd. lifted its stake in shares of Fidelis Insurance by 1.6% during the 4th quarter. Invesco Ltd. now owns 91,317 shares of the company's stock worth $1,656,000 after buying an additional 1,475 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelis Insurance by 3.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company's stock worth $1,167,000 after acquiring an additional 1,967 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Fidelis Insurance by 22.4% in the 4th quarter. New York State Common Retirement Fund now owns 15,311 shares of the company's stock valued at $278,000 after buying an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Fidelis Insurance Stock Down 3.5%

Shares of FIHL traded down $0.58 during trading hours on Friday, reaching $16.23. The stock had a trading volume of 704,972 shares, compared to its average volume of 556,069. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a 50-day simple moving average of $16.67 and a 200 day simple moving average of $16.73. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 4.10 and a beta of 0.34. Fidelis Insurance Holdings Limited has a 12 month low of $14.17 and a 12 month high of $21.32.

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, topping 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 firm had revenue of $658.40 million during the quarter, compared to analyst estimates of $578.57 million. Equities research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Monday, June 16th. Fidelis Insurance's dividend payout ratio (DPR) is currently -307.69%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JMP Securities boosted their price target 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 raised their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, March 7th. Barclays decreased their price target on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Citigroup restated an "outperform" rating on shares of Fidelis Insurance in a research report on Friday, May 16th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus 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.