Graypoint LLC Takes Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Graypoint LLC bought a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 140,180 shares of the company's stock, valued at approximately $1,776,000. Graypoint LLC owned about 0.12% of Fidelis Insurance as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new position in Fidelis Insurance in the second quarter worth about $208,110,000. Citadel Advisors LLC purchased a new position in shares of Fidelis Insurance in the second quarter worth approximately $49,553,000. American Century Companies Inc. increased its stake in shares of Fidelis Insurance by 2.3% in the 3rd quarter. American Century Companies Inc. now owns 2,097,953 shares of the company's stock worth $30,798,000 after purchasing an additional 47,528 shares in the last quarter. Victory Capital Management Inc. bought a new position in Fidelis Insurance in the 3rd quarter worth $15,784,000. Finally, Point72 Asset Management L.P. purchased a new position in Fidelis Insurance during the second quarter valued at $9,214,000. Institutional investors own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JMP Securities upped their price objective on Fidelis Insurance from $22.00 to $24.00 and gave the stock a "market outperform" rating in a research note on Friday, March 1st. Keefe, Bruyette & Woods boosted their target price on Fidelis Insurance from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Fidelis Insurance from $17.00 to $17.50 and gave the stock a "neutral" rating in a report on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.44.

Fidelis Insurance Stock Performance

Shares of FIHL stock traded down $0.10 on Friday, hitting $18.50. The company had a trading volume of 480,680 shares, compared to its average volume of 889,632. The firm has a market cap of $2.18 billion and a P/E ratio of 0.97. Fidelis Insurance Holdings Limited has a twelve month low of $11.55 and a twelve month high of $19.80. The company has a 50-day moving average price of $16.66 and a 200-day moving average price of $14.42. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.21.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.41. Fidelis Insurance had a return on equity of 20.23% and a net margin of 59.30%. The company had revenue of $553.70 million during the quarter, compared to the consensus estimate of $522.52 million. As a group, equities research analysts predict that Fidelis Insurance Holdings Limited will post 3.24 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelis Insurance's dividend payout ratio is currently 2.10%.

Fidelis Insurance Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.