Foundry Partners LLC Has $7.08 Million Stock Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Foundry Partners LLC increased its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 39.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390,590 shares of the company's stock after purchasing an additional 110,151 shares during the quarter. Foundry Partners LLC owned about 0.33% of Fidelis Insurance worth $7,081,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. ExodusPoint Capital Management LP boosted its holdings in Fidelis Insurance by 60.9% in the fourth quarter. ExodusPoint Capital Management LP now owns 100,869 shares of the company's stock valued at $1,829,000 after acquiring an additional 38,175 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Fidelis Insurance by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company's stock valued at $58,754,000 after purchasing an additional 162,524 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Fidelis Insurance by 77.9% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,166,264 shares of the company's stock worth $21,144,000 after buying an additional 510,699 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Fidelis Insurance by 33.0% during the fourth quarter. JPMorgan Chase & Co. now owns 151,156 shares of the company's stock worth $2,740,000 after buying an additional 37,544 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Fidelis Insurance in the fourth quarter valued at approximately $1,568,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on FIHL. JPMorgan Chase & Co. lowered their target price on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday. The Goldman Sachs Group reiterated a "sell" rating and issued a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Keefe, Bruyette & Woods cut their target price on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Wednesday. Barclays decreased their target price on Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Thursday, February 20th. Finally, UBS Group lifted their price objective 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $20.00.

Fidelis Insurance Stock Up 0.2 %

Shares of NYSE:FIHL traded up $0.03 during midday trading on Wednesday, reaching $15.10. 116,611 shares of the company were exchanged, compared to its average volume of 576,225. The firm has a market cap of $1.69 billion, a PE ratio of 3.79 and a beta of 0.28. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The stock has a fifty day simple moving average of $15.70 and a two-hundred day simple moving average of $17.30.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted 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 return on equity of 15.27% and a net margin of 20.17%. The firm had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. As a group, sell-side analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.65%. Fidelis Insurance's dividend payout ratio (DPR) is presently 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.