JPMorgan Chase & Co. Purchases 37,544 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

JPMorgan Chase & Co. increased its position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 33.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,156 shares of the company's stock after buying an additional 37,544 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of Fidelis Insurance worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in Fidelis Insurance by 6.7% in the fourth quarter. American Century Companies Inc. now owns 3,577,018 shares of the company's stock valued at $64,851,000 after purchasing an additional 225,952 shares during the last quarter. NFC Investments LLC bought a new stake in Fidelis Insurance during the 4th quarter valued at $3,309,000. Segall Bryant & Hamill LLC bought a new stake in Fidelis Insurance during the 4th quarter valued at $1,568,000. Jackson Creek Investment Advisors LLC bought a new stake in Fidelis Insurance in the 4th quarter worth $1,469,000. Finally, Empowered Funds LLC grew its holdings in Fidelis Insurance by 21.9% in the 4th quarter. Empowered Funds LLC now owns 433,559 shares of the company's stock worth $7,860,000 after acquiring an additional 77,851 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Fidelis Insurance Stock Up 0.2 %

NYSE:FIHL traded up $0.03 during mid-day trading on Monday, hitting $16.22. 427,105 shares of the company's stock were exchanged, compared to its average volume of 579,707. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year 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 business has a fifty day moving average price of $15.56 and a 200 day moving average price of $17.10. The company has a market cap of $1.81 billion, a PE ratio of 4.10 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 the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The business had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. Equities analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance's payout ratio is currently 42.55%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays cut 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 report on Friday, April 11th. The Goldman Sachs Group reissued 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. JPMorgan Chase & Co. cut their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. 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. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $19.71.

Fidelis Insurance Company 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.