Wells Fargo & Company MN Raises Stock Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Wells Fargo & Company MN lifted its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 77.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,484 shares of the company's stock after purchasing an additional 18,562 shares during the quarter. Wells Fargo & Company MN's holdings in Fidelis Insurance were worth $770,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Fidelis Insurance in the fourth quarter valued at about $26,000. Venturi Wealth Management LLC increased its stake in Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock valued at $111,000 after buying an additional 5,831 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Fidelis Insurance in the 4th quarter valued at about $235,000. New York State Common Retirement Fund lifted its position in shares of 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 buying an additional 2,800 shares in the last quarter. Finally, Callan Family Office LLC purchased a new position in shares of Fidelis Insurance in the 4th quarter worth approximately $363,000. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Stock Performance

Fidelis Insurance stock traded up $0.51 during mid-day trading on Friday, reaching $16.62. The company's stock had a trading volume of 379,682 shares, compared to its average volume of 569,643. The firm's fifty day moving average price is $15.69 and its two-hundred day moving average price is $17.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The company has a market capitalization of $1.86 billion, a P/E ratio of 4.20 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly earnings data 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 net margin of 20.17% and a return on equity of 15.27%. The company had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. Sell-side analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.41%. Fidelis Insurance's dividend payout ratio (DPR) is currently 42.55%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. UBS Group increased their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Barclays lowered their price objective on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. One research 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. Based on data from MarketBeat.com, Fidelis Insurance currently has a consensus rating of "Hold" and a consensus price target of $19.71.

About Fidelis Insurance

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.