Jacobs Levy Equity Management Inc. Has $7.19 Million Stock Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Jacobs Levy Equity Management Inc. lifted its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,302 shares of the company's stock after buying an additional 34,817 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.34% of Fidelis Insurance worth $7,185,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Deutsche Bank AG boosted its holdings in Fidelis Insurance by 52.6% in the fourth quarter. Deutsche Bank AG now owns 43,455 shares of the company's stock valued at $788,000 after purchasing an additional 14,975 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Fidelis Insurance in the 4th quarter worth approximately $3,661,000. Bridgeway Capital Management LLC lifted its holdings in shares of Fidelis Insurance by 22.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 675,559 shares of the company's stock worth $12,248,000 after purchasing an additional 122,851 shares during the last quarter. Citadel Advisors LLC increased its position in Fidelis Insurance by 2,922.7% in the 4th quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company's stock valued at $28,462,000 after acquiring an additional 1,517,927 shares during the period. Finally, Bank of America Corp DE increased its position in Fidelis Insurance by 9.5% in the 4th quarter. Bank of America Corp DE now owns 437,516 shares of the company's stock valued at $7,932,000 after acquiring an additional 38,015 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FIHL shares. Barclays lowered their price target on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. UBS Group raised their target price on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods reduced their price objective on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. cut their target price on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, JMP Securities raised their target price on Fidelis Insurance from $24.00 to $27.00 and gave the company a "market outperform" rating in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelis Insurance presently has an average rating of "Hold" and a consensus price target of $20.14.

Fidelis Insurance Stock Performance

FIHL traded up $0.42 on Friday, hitting $17.59. 601,747 shares of the stock traded hands, compared to its average volume of 568,693. Fidelis Insurance Holdings Limited has a 52 week low of $14.17 and a 52 week high of $21.32. 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 market capitalization of $1.97 billion, a PE ratio of 4.44 and a beta of 0.28. The business has a fifty day moving average price of $16.11 and a two-hundred day moving average price of $17.02.

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 for the quarter, beating analysts' consensus estimates of ($0.43) by $0.02. The company had revenue of $658.40 million for the quarter, compared to the consensus estimate of $578.57 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. On average, research analysts predict 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. Stockholders of record on Monday, June 16th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, June 16th. Fidelis Insurance's payout ratio is currently 42.55%.

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.