Healthcare of Ontario Pension Plan Trust Fund Acquires New Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 114,500 shares of the company's stock, valued at approximately $2,068,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.10% of Fidelis Insurance as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. boosted its position in Fidelis Insurance by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 3,265,564 shares of the company's stock valued at $53,261,000 after acquiring an additional 1,249,853 shares in the last quarter. Federated Hermes Inc. raised its holdings in Fidelis Insurance by 78.6% in the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company's stock worth $17,593,000 after purchasing an additional 474,714 shares in the last quarter. Vanguard Group Inc. lifted its position in Fidelis Insurance by 227.4% during the first quarter. Vanguard Group Inc. now owns 562,570 shares of the company's stock valued at $10,959,000 after buying an additional 390,754 shares during the period. Ghisallo Capital Management LLC boosted 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 valued at $6,524,000 after buying an additional 364,875 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Fidelis Insurance in the 3rd quarter worth about $6,424,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Stock Performance

Shares of Fidelis Insurance stock traded down $0.13 during trading on Monday, hitting $20.40. 562,128 shares of the company's stock traded hands, compared to its average volume of 568,529. Fidelis Insurance Holdings Limited has a 1 year low of $11.80 and a 1 year high of $21.32. The business has a 50-day simple moving average of $18.48 and a 200-day simple moving average of $17.62. 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 stock has a market capitalization of $2.41 billion, a P/E ratio of 5.18 and a beta of -0.01.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.10 per share. The ex-dividend date 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 10.10%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FIHL. The Goldman Sachs Group assumed coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They set a "neutral" rating and a $18.50 price target for the company. Keefe, Bruyette & Woods raised their price objective on Fidelis Insurance from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Barclays initiated coverage on Fidelis Insurance in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $21.00 target price on the stock. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $24.00 price target on shares of Fidelis Insurance in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.50.

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.