Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,862 shares of the company's stock after purchasing an additional 20,829 shares during the quarter. Sei Investments Co. owned approximately 0.22% of Fidelis Insurance worth $4,748,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FIHL. The Manufacturers Life Insurance Company increased its stake in shares of Fidelis Insurance by 4.4% during the third quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company's stock worth $327,000 after purchasing an additional 770 shares in the last quarter. R Squared Ltd purchased a new stake in Fidelis Insurance during the 4th quarter worth approximately $26,000. New York State Common Retirement Fund increased its stake in Fidelis Insurance by 22.4% during the 4th quarter. New York State Common Retirement Fund now owns 15,311 shares of the company's stock worth $278,000 after buying an additional 2,800 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Fidelis Insurance by 5.1% during the fourth quarter. Rhumbline Advisers now owns 76,054 shares of the company's stock valued at $1,379,000 after acquiring an additional 3,689 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Fidelis Insurance by 1,862.9% in the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock valued at $111,000 after purchasing an additional 5,831 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

FIHL has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, February 20th. UBS Group boosted their target price on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods reduced their price target on Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. 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 research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. One equities 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 company currently has an average rating of "Hold" and an average price target of $20.57.

Fidelis Insurance Stock Down 3.5 %

FIHL stock traded down $0.54 during trading on Monday, hitting $14.93. 738,768 shares of the company's stock were exchanged, compared to its average volume of 576,377. The business has a 50-day moving average price of $15.78 and a two-hundred day moving average price of $17.33. 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 stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 3.77 and a beta of 0.28. Fidelis Insurance Holdings Limited has a 52-week low of $14.17 and a 52-week high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The company had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. As a group, equities research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance's dividend payout ratio (DPR) is currently 42.55%.

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.