Foundry Partners LLC purchased a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 280,439 shares of the company's stock, valued at approximately $5,065,000. Foundry Partners LLC owned about 0.24% of Fidelis Insurance as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Trust Co. purchased a new stake in shares of Fidelis Insurance during the first quarter worth $58,000. EntryPoint Capital LLC purchased a new position in Fidelis Insurance in the 1st quarter worth approximately $63,000. Ameritas Investment Partners Inc. lifted its stake in Fidelis Insurance by 297.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company's stock worth $118,000 after purchasing an additional 4,523 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Fidelis Insurance by 144.4% during the 1st quarter. California State Teachers Retirement System now owns 6,103 shares of the company's stock worth $119,000 after purchasing an additional 3,606 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fidelis Insurance in the second quarter valued at approximately $140,000. 81.99% of the stock is owned by hedge funds and other institutional investors.
Fidelis Insurance Trading Down 0.7 %
NYSE:FIHL traded down $0.14 on Friday, reaching $20.39. 256,854 shares of the company's stock were exchanged, compared to its average volume of 566,178. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 5.18 and a beta of -0.01. Fidelis Insurance Holdings Limited has a 52-week low of $11.55 and a 52-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. The business has a fifty day moving average of $18.15 and a 200-day moving average of $17.55.
Fidelis Insurance Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. Fidelis Insurance's dividend payout ratio (DPR) is presently 10.10%.
Wall Street Analysts Forecast Growth
FIHL has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on Fidelis Insurance in a report on Tuesday, September 17th. They issued a "neutral" rating and a $18.50 target price for the company. Keefe, Bruyette & Woods increased their price target on shares of Fidelis Insurance from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Barclays initiated coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $21.00 price target on the stock. Finally, JMP Securities reissued a "market outperform" rating and set a $24.00 target price on shares of Fidelis Insurance in a research note on Friday, August 16th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $20.69.
Check Out Our Latest Stock Report on Fidelis Insurance
About Fidelis Insurance
(
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 Articles
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 "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
