Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Bought by Empowered Funds LLC

Empowered Funds LLC increased its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 433,559 shares of the company's stock after purchasing an additional 77,851 shares during the period. Empowered Funds LLC owned 0.37% of Fidelis Insurance worth $7,860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIHL. R Squared Ltd purchased a new stake in Fidelis Insurance in the fourth quarter valued at $26,000. Y Intercept Hong Kong Ltd purchased a new stake in Fidelis Insurance in the third quarter valued at $195,000. Summit Global Investments purchased a new stake in shares of Fidelis Insurance in the third quarter valued at about $238,000. Intech Investment Management LLC purchased a new stake in shares of Fidelis Insurance in the third quarter valued at about $269,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Fidelis Insurance by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company's stock valued at $283,000 after buying an additional 649 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Stock Performance

Shares of Fidelis Insurance stock traded down $0.40 on Friday, reaching $16.21. 714,477 shares of the stock were exchanged, compared to its average volume of 514,629. Fidelis Insurance Holdings Limited has a 1-year low of $12.94 and a 1-year high of $21.32. 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 business has a fifty day moving average price of $17.25 and a two-hundred day moving average price of $17.94. The firm has a market capitalization of $1.91 billion, a PE ratio of 4.09 and a beta of 0.48.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelis Insurance from $26.00 to $25.00 and set an "outperform" rating for the company in a report on Friday, January 10th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced 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. 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.86.

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.