Fidelis Insurance Holdings Limited (NYSE:FIHL) Stock Position Raised by Kendall Capital Management

Kendall Capital Management increased its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 128.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,460 shares of the company's stock after buying an additional 25,545 shares during the quarter. Kendall Capital Management's holdings in Fidelis Insurance were worth $824,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in shares of Fidelis Insurance in the third quarter worth $1,144,000. Empowered Funds LLC bought a new position in shares of Fidelis Insurance in the third quarter worth $6,424,000. Barclays PLC grew its stake in shares of Fidelis Insurance by 306.7% in the third quarter. Barclays PLC now owns 68,184 shares of the company's stock worth $1,231,000 after purchasing an additional 51,419 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Fidelis Insurance in the third quarter worth $732,000. Finally, Wedge Capital Management L L P NC bought a new position in shares of Fidelis Insurance in the fourth quarter worth $1,008,000. 81.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their price target on Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. UBS Group raised their target price on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday. Finally, Barclays decreased their target price on Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Fidelis Insurance presently has a consensus rating of "Hold" and an average target price of $20.57.

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Fidelis Insurance Trading Up 0.1 %

Shares of NYSE FIHL traded up $0.02 during mid-day trading on Tuesday, hitting $14.60. 1,007,302 shares of the company traded hands, compared to its average volume of 664,606. Fidelis Insurance Holdings Limited has a 1 year low of $14.17 and a 1 year high of $21.32. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 3.69 and a beta of 0.61. 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 50 day moving average of $16.17 and a two-hundred day moving average of $17.65.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The company had revenue of $685.90 million for the quarter, compared to analysts' expectations of $661.52 million. On average, sell-side analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, March 12th. Fidelis Insurance's dividend payout ratio is 42.55%.

About Fidelis Insurance

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.