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

State of Tennessee Department of Treasury purchased a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 17,264 shares of the company's stock, valued at approximately $313,000.

Several other institutional investors also recently made changes to their positions in FIHL. R Squared Ltd purchased a new position in Fidelis Insurance in the fourth quarter valued at approximately $26,000. Venturi Wealth Management LLC increased 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 worth $111,000 after acquiring an additional 5,831 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Fidelis Insurance in the 4th quarter valued at $235,000. XTX Topco Ltd acquired a new position in shares of Fidelis Insurance during the 4th quarter valued at $277,000. Finally, New York State Common Retirement Fund boosted its position 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 period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Stock Up 1.0 %

NYSE FIHL traded up $0.16 during mid-day trading on Friday, reaching $16.98. 581,089 shares of the company's stock traded hands, compared to its average volume of 569,000. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 1-year low of $14.17 and a 1-year high of $21.32. The company has a fifty day simple moving average of $15.86 and a 200-day simple moving average of $17.02. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 4.29 and a beta of 0.28.

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 for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). The company had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. As a group, equities research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Monday, June 16th. Fidelis Insurance's payout ratio is currently 42.55%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays reduced their price objective on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. UBS Group boosted 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 lowered their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. dropped 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 note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $19.71.

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.