State of Tennessee Department of Treasury Buys Shares of 17,264 Fidelis Insurance Holdings Limited (NYSE:FIHL)

State of Tennessee Department of Treasury purchased a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,264 shares of the company's stock, valued at approximately $313,000.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in shares of Fidelis Insurance in the 3rd quarter valued at approximately $1,144,000. Wedge Capital Management L L P NC acquired a new stake in Fidelis Insurance in the fourth quarter valued at $1,008,000. Kendall Capital Management raised its position in shares of Fidelis Insurance by 128.3% during the 4th quarter. Kendall Capital Management now owns 45,460 shares of the company's stock worth $824,000 after purchasing an additional 25,545 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Fidelis Insurance during the fourth quarter valued at approximately $1,142,000. Finally, Sei Investments Co. raised its position in shares of Fidelis Insurance by 8.6% in the 4th quarter. Sei Investments Co. now owns 261,862 shares of the company's stock worth $4,748,000 after buying an additional 20,829 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Keefe, Bruyette & Woods reduced their target price on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. decreased 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. Barclays decreased their target price on 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. The Goldman Sachs Group reiterated a "sell" rating and issued a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Finally, UBS Group lifted their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelis Insurance currently has an average rating of "Hold" and an average price target of $19.71.

Fidelis Insurance Stock Performance

Fidelis Insurance stock remained flat at $16.69 during midday trading on Wednesday. 365,177 shares of the company were exchanged, compared to its average volume of 569,515. 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 firm has a 50 day simple moving average of $15.77 and a two-hundred day simple moving average of $17.03. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 4.21 and a beta of 0.28. Fidelis Insurance Holdings Limited has a twelve month low of $14.17 and a twelve month high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (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 company had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. On average, sell-side analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be paid a $0.10 dividend. 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 2.40%. Fidelis Insurance's payout ratio is currently 42.55%.

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.