Boston Partners Cuts Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Boston Partners decreased its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 30.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 829,000 shares of the company's stock after selling 370,403 shares during the period. Boston Partners owned about 0.70% of Fidelis Insurance worth $15,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its holdings in Fidelis Insurance by 76.4% in the third quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company's stock valued at $55,592,000 after acquiring an additional 1,332,896 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of Fidelis Insurance in the 3rd quarter valued at $5,065,000. NFC Investments LLC acquired a new stake in shares of Fidelis Insurance in the 4th quarter valued at $3,309,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Fidelis Insurance during the 3rd quarter worth $2,068,000. Finally, Jackson Creek Investment Advisors LLC acquired a new position in shares of Fidelis Insurance during the fourth quarter worth $1,469,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on FIHL shares. The Goldman Sachs Group reaffirmed a "sell" rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. 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 note on Thursday, February 20th. Keefe, Bruyette & Woods dropped their price target on shares of Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. JPMorgan Chase & Co. reduced their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Finally, UBS Group increased their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.57.

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Fidelis Insurance Stock Performance

Shares of FIHL stock traded up $0.01 during trading hours on Tuesday, hitting $16.01. The stock had a trading volume of 603,805 shares, compared to its average volume of 550,771. 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 firm has a market capitalization of $1.79 billion, a PE ratio of 4.04 and a beta of 0.61. The stock's 50 day moving average is $15.87 and its 200 day moving average is $17.46. Fidelis Insurance Holdings Limited has a twelve month low of $14.17 and a twelve month high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued 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 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, research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. Fidelis Insurance's payout ratio is currently 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.