Natixis Advisors LLC Sells 51,906 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Natixis Advisors LLC lessened its position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 76.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,644 shares of the company's stock after selling 51,906 shares during the period. Natixis Advisors LLC's holdings in Fidelis Insurance were worth $284,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in 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 acquiring an additional 1,332,896 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Fidelis Insurance in the third quarter valued at about $2,068,000. Jackson Creek Investment Advisors LLC bought a new position in shares of Fidelis Insurance in the fourth quarter valued at about $1,469,000. Empowered Funds LLC lifted its stake in shares of Fidelis Insurance by 21.9% during the 4th quarter. Empowered Funds LLC now owns 433,559 shares of the company's stock worth $7,860,000 after buying an additional 77,851 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Fidelis Insurance during the 3rd quarter worth about $1,144,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut 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. Barclays dropped their price target on 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 price target on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, March 7th. The Goldman Sachs Group reissued a "sell" rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $20.57.

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Fidelis Insurance Price Performance

Shares of FIHL traded up $0.26 during trading hours on Wednesday, hitting $16.73. 579,712 shares of the company were exchanged, compared to its average volume of 576,833. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 4.22 and a beta of 0.61. The firm's fifty day moving average is $15.83 and its 200 day moving average is $17.38. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. 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 (NYSE:FIHL - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of $0.93 by ($1.98). The firm had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. On average, equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.39%. Fidelis Insurance's dividend 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.