Marshall Wace LLP Acquires New Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Marshall Wace LLP bought a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 396,680 shares of the company's stock, valued at approximately $7,192,000. Marshall Wace LLP owned approximately 0.34% of Fidelis Insurance at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. bought a new position in shares of Fidelis Insurance during the third quarter valued at approximately $1,144,000. Barclays PLC increased its holdings in shares of Fidelis Insurance by 306.7% in the 3rd quarter. Barclays PLC now owns 68,184 shares of the company's stock valued at $1,231,000 after acquiring an additional 51,419 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Fidelis Insurance in the 4th quarter worth $1,008,000. Kendall Capital Management lifted its stake in shares of Fidelis Insurance by 128.3% during the 4th quarter. Kendall Capital Management now owns 45,460 shares of the company's stock worth $824,000 after purchasing an additional 25,545 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Fidelis Insurance by 7.6% during the third quarter. Geode Capital Management LLC now owns 627,616 shares of the company's stock valued at $11,335,000 after purchasing an additional 44,416 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. UBS Group lifted 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. Barclays decreased their price objective on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Finally, The Goldman Sachs Group restated a "sell" rating and set a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a research note 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, Fidelis Insurance presently has an average rating of "Hold" and a consensus target price of $19.71.

Fidelis Insurance Price Performance

Shares of FIHL opened at $16.45 on Wednesday. The firm has a market capitalization of $1.84 billion, a PE ratio of 4.15 and a beta of 0.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company's fifty day moving average price is $15.56 and its 200-day moving average price is $17.13. Fidelis Insurance Holdings Limited has a 1-year low of $14.17 and a 1-year high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $661.52 million. On average, equities research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance's 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.

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