62,976 Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,976 shares of the company's stock, valued at approximately $1,142,000. Raymond James Financial Inc. owned about 0.05% of Fidelis Insurance as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Fidelis Insurance in the 4th quarter valued at about $26,000. Venturi Wealth Management LLC grew its position in shares of 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. Fox Run Management L.L.C. bought a new position in shares of Fidelis Insurance during the fourth quarter worth approximately $235,000. New York State Common Retirement Fund lifted its holdings in Fidelis Insurance by 22.4% during the 4th quarter. New York State Common Retirement Fund now owns 15,311 shares of the company's stock worth $278,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Fidelis Insurance by 38.8% in the 4th quarter. Legal & General Group Plc now owns 19,971 shares of the company's stock valued at $362,000 after purchasing an additional 5,583 shares during the period. Institutional investors own 81.99% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on FIHL. UBS Group raised their price target 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 decreased their price objective on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Barclays reduced their price target on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $19.71.

Fidelis Insurance Stock Up 1.0 %

NYSE:FIHL traded up $0.17 during trading hours on Friday, reaching $16.99. 414,571 shares of the company traded hands, compared to its average volume of 570,116. Fidelis Insurance Holdings Limited has a 1 year low of $14.17 and a 1 year 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 business's 50-day moving average price is $15.81 and its two-hundred day moving average price is $17.03. The stock has a market capitalization of $1.90 billion, a P/E ratio of 4.29 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. Analysts predict that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.35%. 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.