Geode Capital Management LLC Grows Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Geode Capital Management LLC increased its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 627,616 shares of the company's stock after acquiring an additional 44,416 shares during the period. Geode Capital Management LLC owned approximately 0.53% of Fidelis Insurance worth $11,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FIHL. Wellington Management Group LLP grew its holdings in shares of Fidelis Insurance by 76.4% during the third quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company's stock worth $55,592,000 after purchasing an additional 1,332,896 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Fidelis Insurance by 62.0% in the 2nd quarter. American Century Companies Inc. now owns 3,265,564 shares of the company's stock worth $53,261,000 after buying an additional 1,249,853 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Fidelis Insurance by 78.6% during the 2nd quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company's stock valued at $17,593,000 after buying an additional 474,714 shares in the last quarter. Ghisallo Capital Management LLC lifted its holdings in shares of Fidelis Insurance by 1,038.8% during the 2nd quarter. Ghisallo Capital Management LLC now owns 400,000 shares of the company's stock worth $6,524,000 after acquiring an additional 364,875 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Fidelis Insurance in the third quarter worth $6,424,000. 81.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. The Goldman Sachs Group began coverage on Fidelis Insurance in a research note on Tuesday, September 17th. They set a "neutral" rating and a $18.50 price target for the company. Barclays started coverage on Fidelis Insurance in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $21.00 target price for the company. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $21.50.

Fidelis Insurance Trading Up 2.3 %

FIHL stock traded up $0.40 during midday trading on Wednesday, hitting $18.13. The company had a trading volume of 584,161 shares, compared to its average volume of 562,975. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 4.58 and a beta of 0.29. Fidelis Insurance Holdings Limited has a 52 week low of $11.80 and a 52 week high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock's 50 day moving average price is $18.82 and its 200 day moving average price is $17.98.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.21%. Fidelis Insurance's payout ratio is currently 10.10%.

Fidelis Insurance 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.