Public Employees Retirement System of Ohio Acquires New Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Public Employees Retirement System of Ohio purchased a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 40,504 shares of the company's stock, valued at approximately $732,000.

Several other hedge funds have also recently modified their holdings of FIHL. Natixis Advisors LLC bought a new position in Fidelis Insurance during the second quarter valued at approximately $1,108,000. Caprock Group LLC purchased a new position in shares of Fidelis Insurance in the 2nd quarter worth $265,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelis Insurance in the 2nd quarter worth $140,000. American Century Companies Inc. grew its holdings in shares of Fidelis Insurance by 62.0% in the second quarter. American Century Companies Inc. now owns 3,265,564 shares of the company's stock worth $53,261,000 after acquiring an additional 1,249,853 shares during the period. Finally, Federated Hermes Inc. increased its position in Fidelis Insurance by 78.6% during the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company's stock valued at $17,593,000 after acquiring an additional 474,714 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Fidelis Insurance Trading Up 1.0 %

Shares of NYSE FIHL traded up $0.18 during midday trading on Friday, hitting $17.95. The company's stock had a trading volume of 648,167 shares, compared to its average volume of 568,602. The business's 50 day moving average is $18.82 and its two-hundred day moving average is $17.84. Fidelis Insurance Holdings Limited has a 12-month low of $11.80 and a 12-month 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. The firm has a market cap of $2.12 billion, a P/E ratio of 4.53 and a beta of 0.30.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.23%. Fidelis Insurance's dividend payout ratio is currently 10.10%.

Analysts Set New Price Targets

FIHL has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on Fidelis Insurance from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. The Goldman Sachs Group assumed coverage on shares of Fidelis Insurance in a report on Tuesday, September 17th. They issued a "neutral" rating and a $18.50 target price for the company. Finally, Barclays assumed coverage on shares of Fidelis Insurance in a report on Wednesday, September 4th. They set an "equal weight" rating and a $21.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.50.

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.