Gilder Gagnon Howe & Co. LLC Decreases Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Gilder Gagnon Howe & Co. LLC trimmed its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 76.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,970 shares of the company's stock after selling 35,000 shares during the quarter. Gilder Gagnon Howe & Co. LLC's holdings in Fidelis Insurance were worth $199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Fidelis Insurance by 306.7% during the third quarter. Barclays PLC now owns 68,184 shares of the company's stock worth $1,231,000 after purchasing an additional 51,419 shares in the last quarter. Geode Capital Management LLC raised its stake in Fidelis Insurance by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company's stock worth $11,335,000 after buying an additional 44,416 shares during the period. Principal Financial Group Inc. bought a new position in Fidelis Insurance during the third quarter worth about $1,144,000. Wedge Capital Management L L P NC bought a new stake in shares of Fidelis Insurance in the fourth quarter worth about $1,008,000. Finally, R Squared Ltd acquired a new stake in shares of Fidelis Insurance during the fourth quarter worth about $26,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Fidelis Insurance Price Performance

Shares of NYSE FIHL traded down $0.24 during mid-day trading on Thursday, hitting $16.11. 436,394 shares of the stock traded hands, compared to its average volume of 569,454. Fidelis Insurance Holdings Limited has a twelve month low of $14.17 and a twelve month high of $21.32. The firm has a 50 day simple moving average of $15.65 and a two-hundred day simple moving average of $17.06. 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 $1.80 billion, a PE ratio of 4.07 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). The company had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. As a group, equities research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance's payout ratio is 42.55%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a "sell" rating and issued a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their target price on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Barclays cut their price target on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. decreased their price objective on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, UBS Group boosted their target price on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Fidelis Insurance presently has a consensus rating of "Hold" and an average target price of $19.71.

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.