Raymond James Financial Inc. purchased a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 62,976 shares of the company's stock, valued at approximately $1,142,000. Raymond James Financial Inc. owned approximately 0.05% of Fidelis Insurance as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its holdings in Fidelis Insurance by 4.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company's stock valued at $327,000 after purchasing an additional 770 shares in the last quarter. R Squared Ltd bought a new position in shares of Fidelis Insurance in the fourth quarter valued at about $26,000. New York State Common Retirement Fund lifted its position in 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 buying an additional 2,800 shares in the last quarter. Rhumbline Advisers grew its holdings in Fidelis Insurance by 5.1% during the 4th quarter. Rhumbline Advisers now owns 76,054 shares of the company's stock worth $1,379,000 after acquiring an additional 3,689 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock valued at $111,000 after acquiring an additional 5,831 shares in the last quarter. Institutional investors own 81.99% of the company's stock.
Fidelis Insurance Trading Up 1.0 %
FIHL traded up $0.16 during midday trading on Tuesday, reaching $15.07. 724,382 shares of the company were exchanged, compared to its average volume of 577,996. The stock has a market capitalization of $1.68 billion, a P/E ratio of 3.80 and a beta of 0.28. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The stock's 50-day simple moving average is $15.70 and its 200 day simple moving average is $17.30. 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 (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 return on equity of 15.27% and a net margin of 20.17%. The firm had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. As a group, analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.
Fidelis Insurance Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 2.66%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance's payout ratio is presently 42.55%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on FIHL. UBS Group raised their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, March 7th. The Goldman Sachs Group reissued a "sell" rating and issued a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods lowered their price objective on Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, Barclays dropped their price objective on Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $20.29.
Check Out Our Latest Stock Analysis on Fidelis Insurance
Fidelis Insurance Company 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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