Fidelis Insurance Holdings Limited (NYSE:FIHL) Stock Holdings Boosted by Barclays PLC

Barclays PLC raised its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 306.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,184 shares of the company's stock after acquiring an additional 51,419 shares during the period. Barclays PLC owned approximately 0.06% of Fidelis Insurance worth $1,231,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in Fidelis Insurance during the third quarter worth about $6,424,000. Principal Financial Group Inc. acquired a new position in Fidelis Insurance during the 3rd quarter worth approximately $1,144,000. Interval Partners LP raised its stake in shares of Fidelis Insurance by 75.6% during the 2nd quarter. Interval Partners LP now owns 248,116 shares of the company's stock worth $4,047,000 after buying an additional 106,845 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of Fidelis Insurance in the 2nd quarter valued at approximately $1,196,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Fidelis Insurance in the third quarter valued at approximately $732,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on FIHL. Barclays reduced their target price on Fidelis Insurance from $21.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. The Goldman Sachs Group reissued a "sell" rating and set a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Fidelis Insurance from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $20.86.

Fidelis Insurance Price Performance

FIHL traded down $0.13 during midday trading on Tuesday, reaching $16.29. 588,377 shares of the company's stock were exchanged, compared to its average volume of 824,110. The business's 50-day moving average price is $18.75 and its 200 day moving average price is $18.03. The stock has a market capitalization of $1.92 billion, a PE ratio of 4.11 and a beta of 0.53. Fidelis Insurance Holdings Limited has a 1-year low of $12.20 and a 1-year high of $21.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.46%. The ex-dividend date was Friday, November 29th. Fidelis Insurance's payout ratio is 10.10%.

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.