Barclays PLC increased its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 306.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,184 shares of the company's stock after acquiring an additional 51,419 shares during the period. Barclays PLC owned about 0.06% of Fidelis Insurance worth $1,231,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of FIHL. American Century Companies Inc. boosted its position in Fidelis Insurance by 62.0% during the second quarter. American Century Companies Inc. now owns 3,265,564 shares of the company's stock valued at $53,261,000 after purchasing an additional 1,249,853 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Fidelis Insurance by 76.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company's stock valued at $55,592,000 after buying an additional 1,332,896 shares in the last quarter. Federated Hermes Inc. increased its holdings in Fidelis Insurance by 78.6% in the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company's stock worth $17,593,000 after buying an additional 474,714 shares during the last quarter. Loomis Sayles & Co. L P raised its position in Fidelis Insurance by 12.8% during the third quarter. Loomis Sayles & Co. L P now owns 655,565 shares of the company's stock valued at $11,839,000 after acquiring an additional 74,445 shares in the last quarter. Finally, Prospector Partners LLC raised 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 valued at $9,421,000 after acquiring an additional 3,710 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on FIHL shares. 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 target on the stock. The Goldman Sachs Group initiated coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They set a "neutral" rating and a $18.50 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on Fidelis Insurance from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.50.
Read Our Latest Stock Analysis on Fidelis Insurance
Fidelis Insurance Stock Performance
NYSE:FIHL traded up $0.12 during mid-day trading on Monday, hitting $17.73. 382,031 shares of the company's stock traded hands, compared to its average volume of 562,891. 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 firm has a 50 day moving average of $18.79 and a two-hundred day moving average of $17.96. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 4.48 and a beta of 0.30. Fidelis Insurance Holdings Limited has a 12 month low of $11.80 and a 12 month high of $21.32.
Fidelis Insurance Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Friday, November 29th. Fidelis Insurance's dividend payout ratio (DPR) is currently 10.10%.
About Fidelis Insurance
(
Free Report)
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.
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