Russell Investments Group Ltd. Sells 285,828 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Russell Investments Group Ltd. lowered its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 37.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 468,847 shares of the company's stock after selling 285,828 shares during the period. Russell Investments Group Ltd. owned approximately 0.40% of Fidelis Insurance worth $8,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Fidelis Insurance by 6.7% during the fourth quarter. American Century Companies Inc. now owns 3,577,018 shares of the company's stock valued at $64,851,000 after buying an additional 225,952 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Fidelis Insurance by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company's stock worth $58,754,000 after acquiring an additional 162,524 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Fidelis Insurance by 77.9% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,166,264 shares of the company's stock worth $21,144,000 after acquiring an additional 510,699 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Fidelis Insurance by 7.6% in the third quarter. Geode Capital Management LLC now owns 627,616 shares of the company's stock valued at $11,335,000 after purchasing an additional 44,416 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Fidelis Insurance by 21.9% in the fourth quarter. Empowered Funds LLC now owns 433,559 shares of the company's stock valued at $7,860,000 after purchasing an additional 77,851 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

FIHL has been the subject of a number of recent analyst reports. Barclays reduced their price objective on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a research report on Friday. JPMorgan Chase & Co. decreased their price target on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. UBS Group boosted their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods reduced their price objective on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group reiterated a "sell" rating and set a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. One research 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $19.71.

Fidelis Insurance Stock Performance

NYSE:FIHL traded up $0.08 during trading hours on Tuesday, reaching $16.23. The stock had a trading volume of 597,319 shares, compared to its average volume of 579,803. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a 50 day simple moving average of $15.62 and a 200 day simple moving average of $17.21. The stock has a market cap of $1.81 billion, a P/E ratio of 4.10 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Wednesday, March 12th. 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.