Empowered Funds LLC Acquires New Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Empowered Funds LLC acquired a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 355,708 shares of the company's stock, valued at approximately $6,424,000. Empowered Funds LLC owned about 0.30% of Fidelis Insurance at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in Fidelis Insurance by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company's stock worth $283,000 after purchasing an additional 649 shares during the last quarter. Cambridge Trust Co. acquired a new position in Fidelis Insurance during the first quarter worth approximately $58,000. EntryPoint Capital LLC acquired a new position in Fidelis Insurance during the first quarter worth approximately $63,000. California State Teachers Retirement System increased its position in Fidelis Insurance by 144.4% during the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company's stock worth $119,000 after purchasing an additional 3,606 shares during the last quarter. Finally, Prospector Partners LLC increased its position in Fidelis Insurance by 0.6% during the second quarter. Prospector Partners LLC now owns 577,628 shares of the company's stock worth $9,421,000 after purchasing an additional 3,710 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Fidelis Insurance Stock Performance

Shares of NYSE:FIHL traded down $0.08 on Friday, reaching $19.65. 426,310 shares of the company's stock were exchanged, compared to its average volume of 369,818. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 4.96 and a beta of -0.01. Fidelis Insurance Holdings Limited has a fifty-two week low of $11.55 and a fifty-two week high of $21.32. The business's 50-day moving average is $17.98 and its two-hundred day moving average is $17.51. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.15). The business had revenue of $547.10 million for the quarter, compared to analyst estimates of $582.19 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. As a group, equities research analysts forecast that Fidelis Insurance Holdings Limited will post 2.9 EPS for the current year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.04%. Fidelis Insurance's dividend payout ratio (DPR) is 10.10%.

Wall Street Analyst Weigh In

Several research firms have issued reports on FIHL. The Goldman Sachs Group began coverage on shares of Fidelis Insurance in a research note on Tuesday, September 17th. They set a "neutral" rating and a $18.50 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Thursday. Barclays began coverage on shares of Fidelis Insurance in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $21.00 price objective for the company. Finally, JMP Securities reiterated a "market outperform" rating and set a $24.00 price objective on shares of Fidelis Insurance in a research note on Friday, August 16th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Fidelis Insurance currently has a consensus rating of "Hold" and an average price target of $20.69.

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.