Prospector Partners LLC Reduces Stock Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Prospector Partners LLC decreased its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 20.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 461,947 shares of the company's stock after selling 115,681 shares during the period. Prospector Partners LLC owned approximately 0.39% of Fidelis Insurance worth $8,343,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Fidelis Insurance by 227.4% during the first quarter. Vanguard Group Inc. now owns 562,570 shares of the company's stock worth $10,959,000 after buying an additional 390,754 shares during the last quarter. Boston Partners raised its position in Fidelis Insurance by 213.7% in the first quarter. Boston Partners now owns 714,683 shares of the company's stock valued at $13,922,000 after purchasing an additional 486,888 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Fidelis Insurance during the third quarter valued at about $6,424,000. Interval Partners LP grew its holdings in shares of Fidelis Insurance by 75.6% during the second quarter. Interval Partners LP now owns 248,116 shares of the company's stock worth $4,047,000 after purchasing an additional 106,845 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Fidelis Insurance in the second quarter valued at approximately $2,381,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Fidelis Insurance Trading Down 0.0 %

Shares of NYSE:FIHL traded down $0.01 during midday trading on Tuesday, reaching $20.58. The company's stock had a trading volume of 760,569 shares, compared to its average volume of 568,571. The firm has a 50 day moving average price of $18.27 and a two-hundred day moving average price of $17.55. Fidelis Insurance Holdings Limited has a fifty-two week low of $11.55 and a fifty-two week high of $21.32. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 5.20 and a beta of -0.01. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, November 29th. Fidelis Insurance's dividend payout ratio (DPR) is 10.10%.

Analyst Ratings Changes

Several research firms recently commented on FIHL. Barclays assumed coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $21.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on Fidelis Insurance from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. The Goldman Sachs Group started coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They issued a "neutral" rating and a $18.50 price target on the stock. Finally, JMP Securities restated a "market outperform" rating and set a $24.00 price objective on shares of Fidelis Insurance in a research report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.69.

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.