Jackson Creek Investment Advisors LLC acquired a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 81,025 shares of the company's stock, valued at approximately $1,469,000. Jackson Creek Investment Advisors LLC owned approximately 0.07% of Fidelis Insurance as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. acquired a new stake in shares of Fidelis Insurance in the third quarter valued at approximately $1,144,000. Summit Global Investments bought a new position in Fidelis Insurance during the 3rd quarter worth $238,000. Empowered Funds LLC acquired a new position in Fidelis Insurance in the 3rd quarter valued at $6,424,000. Intech Investment Management LLC bought a new stake in shares of Fidelis Insurance during the 3rd quarter valued at $269,000. Finally, Foundry Partners LLC acquired a new stake in shares of Fidelis Insurance during the 3rd quarter worth $5,065,000. Institutional investors own 81.99% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on FIHL. Barclays reduced their price objective on shares of Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 20th. UBS Group increased their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. lowered 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. Keefe, Bruyette & Woods decreased their price target on Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group restated a "sell" rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. One equities 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $20.57.
Get Our Latest Analysis on FIHL
Fidelis Insurance Price Performance
Shares of FIHL traded up $0.02 during trading hours on Tuesday, reaching $14.60. The stock had a trading volume of 1,007,302 shares, compared to its average volume of 664,606. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Fidelis Insurance Holdings Limited has a 12 month low of $14.17 and a 12 month high of $21.32. The stock has a market capitalization of $1.72 billion, a PE ratio of 3.69 and a beta of 0.61. The company's 50-day moving average is $16.24 and its two-hundred day moving average is $17.68.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. Research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.
Fidelis Insurance Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.74%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance's dividend payout ratio (DPR) is currently 42.55%.
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.
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