1,347,756 Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL) Acquired by LSV Asset Management

LSV Asset Management acquired a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,347,756 shares of the company's stock, valued at approximately $24,435,000. LSV Asset Management owned about 1.14% of Fidelis Insurance as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in FIHL. R Squared Ltd bought a new stake in Fidelis Insurance in the 4th quarter valued at about $26,000. Venturi Wealth Management LLC grew its position in Fidelis Insurance by 1,862.9% during the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock worth $111,000 after buying an additional 5,831 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Fidelis Insurance during the 3rd quarter worth $195,000. Fox Run Management L.L.C. acquired a new position in Fidelis Insurance in the 4th quarter valued at $235,000. Finally, New York State Common Retirement Fund grew its holdings in shares of Fidelis Insurance by 22.4% during the 4th quarter. New York State Common Retirement Fund now owns 15,311 shares of the company's stock worth $278,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

Fidelis Insurance Price Performance

Fidelis Insurance stock traded up $0.49 during mid-day trading on Monday, reaching $16.15. The company had a trading volume of 477,134 shares, compared to its average volume of 579,769. The business has a fifty day simple moving average of $15.63 and a 200 day simple moving average of $17.22. The company has a market cap of $1.81 billion, a P/E ratio of 4.08 and a beta of 0.28. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

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Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) earnings per share 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 firm had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. On average, equities research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance's dividend payout ratio is currently 42.55%.

Analyst Upgrades and Downgrades

FIHL has been the subject of a number of analyst reports. UBS Group boosted their price target on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. cut their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Barclays decreased their price objective on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, 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 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 given a buy rating to the company's stock. According to MarketBeat.com, Fidelis Insurance has an average rating of "Hold" and an average price target of $19.71.

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.