LSV Asset Management Purchases Shares of 1,347,756 Fidelis Insurance Holdings Limited (NYSE:FIHL)

LSV Asset Management acquired a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,347,756 shares of the company's stock, valued at approximately $24,435,000. LSV Asset Management owned 1.14% of Fidelis Insurance at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FIHL. R Squared Ltd acquired a new stake in shares of Fidelis Insurance in the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC grew its holdings in Fidelis Insurance by 1,862.9% in the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock valued at $111,000 after purchasing an additional 5,831 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Fidelis Insurance in the third quarter valued at $195,000. Fox Run Management L.L.C. acquired a new position in shares of Fidelis Insurance during the 4th quarter worth $235,000. Finally, New York State Common Retirement Fund boosted its position in shares of 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 worth $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 Up 1.3 %

Shares of FIHL traded up $0.20 during mid-day trading on Thursday, reaching $16.20. 242,425 shares of the stock traded hands, compared to its average volume of 579,692. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 4.10 and a beta of 0.28. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $15.60 and a 200 day simple moving average of $17.19.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released 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). 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 during the quarter, compared to analyst estimates of $661.52 million. Sell-side analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

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

Analysts Set New Price Targets

FIHL has been the topic of a number of analyst reports. Barclays lowered their target price 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. UBS Group increased their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. cut their target price 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. Keefe, Bruyette & Woods lowered their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. One 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average 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.