Russell Investments Group Ltd. Grows Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Russell Investments Group Ltd. lifted its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 20.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 815,174 shares of the company's stock after acquiring an additional 138,295 shares during the period. Russell Investments Group Ltd. owned 0.69% of Fidelis Insurance worth $10,328,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank bought a new stake in shares of Fidelis Insurance during the third quarter valued at approximately $26,000. New York State Common Retirement Fund bought a new stake in Fidelis Insurance during the 3rd quarter valued at $53,000. Toronto Dominion Bank acquired a new position in Fidelis Insurance during the third quarter worth $73,000. Quantbot Technologies LP bought a new position in shares of Fidelis Insurance in the third quarter valued at $113,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Fidelis Insurance during the third quarter worth about $156,000. 81.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FIHL. JMP Securities reiterated a "market outperform" rating and set a $24.00 price target on shares of Fidelis Insurance in a research note on Monday, April 15th. JPMorgan Chase & Co. lifted their target price on Fidelis Insurance from $17.00 to $17.50 and gave the company a "neutral" rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods raised their price objective on Fidelis Insurance from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.44.

Fidelis Insurance Price Performance

FIHL traded up $0.20 during trading on Monday, reaching $18.89. 248,165 shares of the company were exchanged, compared to its average volume of 614,441. The company has a market cap of $2.23 billion and a price-to-earnings ratio of 0.98. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.21. The company's 50-day moving average is $18.42 and its two-hundred day moving average is $14.90. Fidelis Insurance Holdings Limited has a 12-month low of $11.55 and a 12-month high of $20.53.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.41. Fidelis Insurance had a net margin of 59.30% and a return on equity of 20.23%. The business had revenue of $553.70 million during the quarter, compared to analysts' expectations of $522.52 million. Research analysts forecast 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. Shareholders of record on Friday, March 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelis Insurance's dividend payout ratio is currently 2.10%.

Fidelis Insurance Company 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.