Loomis Sayles & Co. L P Acquires 510,699 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Loomis Sayles & Co. L P grew its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 77.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,166,264 shares of the company's stock after buying an additional 510,699 shares during the period. Loomis Sayles & Co. L P owned approximately 0.99% of Fidelis Insurance worth $21,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIHL. Intech Investment Management LLC acquired a new stake in shares of Fidelis Insurance in the 3rd quarter valued at $269,000. Charles Schwab Investment Management Inc. boosted its stake in Fidelis Insurance by 7.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 124,828 shares of the company's stock valued at $2,254,000 after buying an additional 8,992 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Fidelis Insurance by 4.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company's stock valued at $327,000 after purchasing an additional 770 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Fidelis Insurance during the third quarter worth $2,068,000. Finally, Martingale Asset Management L P raised its stake in shares of Fidelis Insurance by 6.7% during the third quarter. Martingale Asset Management L P now owns 127,593 shares of the company's stock valued at $2,304,000 after acquiring an additional 7,997 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

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Fidelis Insurance Price Performance

NYSE FIHL traded up $0.07 on Wednesday, hitting $16.54. The stock had a trading volume of 239,325 shares, compared to its average volume of 575,169. The firm has a 50-day moving average of $15.82 and a 200-day moving average of $17.39. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 4.18 and a beta of 0.61. 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 52-week low of $14.17 and a 52-week high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). The firm 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 analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.42%. Fidelis Insurance's payout ratio is currently 42.55%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FIHL. Keefe, Bruyette & Woods cut their target price on Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Barclays decreased their price target on Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. 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 report on Friday, March 7th. Finally, The Goldman Sachs Group restated a "sell" rating and set a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Fidelis Insurance presently has a consensus rating of "Hold" and an average price target of $20.57.

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.