NFC Investments LLC bought a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 182,500 shares of the company's stock, valued at approximately $3,309,000. Fidelis Insurance makes up about 0.9% of NFC Investments LLC's portfolio, making the stock its 23rd biggest position. NFC Investments LLC owned approximately 0.15% of Fidelis Insurance at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Fidelis Insurance in the 4th quarter worth $26,000. Venturi Wealth Management LLC boosted its position in shares of Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock worth $111,000 after purchasing an additional 5,831 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Fidelis Insurance in the 3rd quarter worth $195,000. Intech Investment Management LLC acquired a new stake in shares of Fidelis Insurance in the 3rd quarter worth $269,000. Finally, New York State Common Retirement Fund boosted its position in shares of Fidelis Insurance by 22.4% in 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
Shares of Fidelis Insurance stock traded up $0.06 on Thursday, hitting $15.64. The company's stock had a trading volume of 444,172 shares, compared to its average volume of 547,421. 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 1 year low of $14.17 and a 1 year high of $21.32. The firm has a fifty day moving average price of $15.91 and a 200-day moving average price of $17.52. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 3.95 and a beta of 0.61.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced 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 business had revenue of $685.90 million during the quarter, compared to analysts' expectations of $661.52 million. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Wednesday, March 12th. Fidelis Insurance's payout ratio is 42.55%.
Analyst Upgrades and Downgrades
FIHL has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price 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. UBS Group raised their target price on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. The Goldman Sachs Group restated 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. Barclays reduced 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 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. 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 data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.57.
Check Out Our Latest Report on FIHL
Fidelis Insurance Profile
(
Free Report)
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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