Wellington Management Group LLP lifted its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,240,681 shares of the company's stock after purchasing an additional 162,524 shares during the period. Wellington Management Group LLP owned about 2.75% of Fidelis Insurance worth $58,754,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of FIHL. R Squared Ltd acquired a new stake in Fidelis Insurance during the fourth quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its holdings in shares of Fidelis Insurance by 1,862.9% in the 4th 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. Y Intercept Hong Kong Ltd acquired a new position in shares of Fidelis Insurance in the 3rd quarter valued at $195,000. Fox Run Management L.L.C. acquired a new position in shares of Fidelis Insurance in the 4th quarter valued at $235,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of Fidelis Insurance by 22.4% in the 4th quarter. New York State Common Retirement Fund now owns 15,311 shares of the company's stock valued at $278,000 after purchasing an additional 2,800 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday. The Goldman Sachs Group reiterated a "sell" rating and issued a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday. UBS Group lifted their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Barclays reduced their target price on shares of Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating on the stock in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $20.00.
View Our Latest Research Report on Fidelis Insurance
Fidelis Insurance Stock Up 0.6 %
Fidelis Insurance stock traded up $0.09 during midday trading on Thursday, hitting $15.76. 110,601 shares of the stock were exchanged, compared to its average volume of 579,084. Fidelis Insurance Holdings Limited has a 1 year low of $14.17 and a 1 year high of $21.32. The firm has a market cap of $1.76 billion, a P/E ratio of 3.98 and a beta of 0.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company has a 50 day moving average price of $15.67 and a two-hundred day moving average price of $17.27.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly 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 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 analysts' expectations of $661.52 million. On average, sell-side analysts predict that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.
Fidelis Insurance Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.54%. The ex-dividend date was Wednesday, March 12th. Fidelis Insurance's dividend payout ratio (DPR) is 42.55%.
Fidelis Insurance Profile
(
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.
Featured Stories
Before you consider Fidelis Insurance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fidelis Insurance wasn't on the list.
While Fidelis Insurance currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
