Knights of Columbus Asset Advisors LLC Invests $1.32 Million in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Knights of Columbus Asset Advisors LLC purchased a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,713 shares of the company's stock, valued at approximately $1,318,000. Knights of Columbus Asset Advisors LLC owned approximately 0.06% of Fidelis Insurance at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Fidelis Insurance by 6.7% during the fourth quarter. American Century Companies Inc. now owns 3,577,018 shares of the company's stock worth $64,851,000 after purchasing an additional 225,952 shares in the last quarter. Wellington Management Group LLP lifted its position in Fidelis Insurance by 76.4% during the third quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company's stock valued at $55,592,000 after purchasing an additional 1,332,896 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in Fidelis Insurance by 12.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 655,565 shares of the company's stock worth $11,839,000 after buying an additional 74,445 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Fidelis Insurance by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company's stock worth $11,335,000 after buying an additional 44,416 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Fidelis Insurance by 21.9% during the 4th quarter. Empowered Funds LLC now owns 433,559 shares of the company's stock valued at $7,860,000 after buying an additional 77,851 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several analysts have issued reports on FIHL shares. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. UBS Group boosted their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods reduced their price objective 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. Barclays lowered 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. Finally, JPMorgan Chase & Co. reduced their price target on Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.57.

Fidelis Insurance Trading Up 1.0 %

Shares of FIHL stock traded up $0.17 during trading hours on Thursday, reaching $16.22. The company's stock had a trading volume of 471,941 shares, compared to its average volume of 551,179. The firm's fifty day simple moving average is $15.85 and its 200 day simple moving average is $17.43. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The stock has a market capitalization of $1.81 billion, a P/E ratio of 4.09 and a beta of 0.61. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of $0.93 by ($1.98). The company had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. Equities research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.47%. Fidelis Insurance's dividend payout ratio (DPR) is presently 42.55%.

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.