American Century Companies Inc. Acquires 225,952 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

American Century Companies Inc. grew its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 6.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,577,018 shares of the company's stock after purchasing an additional 225,952 shares during the quarter. American Century Companies Inc. owned about 3.03% of Fidelis Insurance worth $64,851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new position in Fidelis Insurance in the fourth quarter worth about $26,000. Venturi Wealth Management LLC grew its holdings in shares of Fidelis Insurance by 1,862.9% during the 4th 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 during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Fidelis Insurance in the 3rd quarter worth approximately $195,000. Intech Investment Management LLC purchased a new position in shares of Fidelis Insurance in the 3rd quarter valued at approximately $269,000. Finally, New York State Common Retirement Fund boosted its position in shares of Fidelis Insurance by 22.4% during the fourth quarter. New York State Common Retirement Fund now owns 15,311 shares of the company's stock valued at $278,000 after purchasing an additional 2,800 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on FIHL shares. JPMorgan Chase & Co. lowered their price objective on Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their target price on Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. UBS Group upped their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. The Goldman Sachs Group restated a "sell" rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Finally, Barclays decreased their target price on shares of Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Fidelis Insurance presently has an average rating of "Hold" and an average price target of $20.57.

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Fidelis Insurance Stock Performance

NYSE:FIHL traded down $0.01 during mid-day trading on Friday, reaching $16.21. The company's stock had a trading volume of 459,768 shares, compared to its average volume of 576,331. 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 stock has a market cap of $1.81 billion, a P/E ratio of 4.09 and a beta of 0.61. The firm's fifty day moving average price is $15.83 and its two-hundred day moving average price is $17.41. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32.

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 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 company had revenue of $685.90 million for the quarter, compared to analysts' expectations of $661.52 million. On average, equities analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were paid a $0.10 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.47%. Fidelis Insurance's dividend payout ratio (DPR) 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.