Segall Bryant & Hamill LLC bought a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 86,496 shares of the company's stock, valued at approximately $1,568,000. Segall Bryant & Hamill LLC owned 0.07% of Fidelis Insurance as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in FIHL. R Squared Ltd purchased a new position in Fidelis Insurance in the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC grew its stake 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 during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Fidelis Insurance during the 3rd quarter valued at about $195,000. Fox Run Management L.L.C. acquired a new stake in shares of Fidelis Insurance in the fourth quarter valued at approximately $235,000. Finally, Intech Investment Management LLC purchased a new position in shares of Fidelis Insurance during the 3rd quarter worth approximately $269,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on the company. UBS Group lifted their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. The Goldman Sachs Group restated a "sell" rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped 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. Keefe, Bruyette & Woods decreased their price target on Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Barclays dropped their price objective on shares of 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. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.57.
Check Out Our Latest Analysis on FIHL
Fidelis Insurance Trading Up 0.1 %
Shares of Fidelis Insurance stock traded up $0.02 during trading hours on Wednesday, reaching $16.49. The stock had a trading volume of 108,360 shares, compared to its average volume of 574,914. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 4.16 and a beta of 0.61. Fidelis Insurance Holdings Limited has a 1 year low of $14.17 and a 1 year 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 50 day simple moving average of $15.82 and a two-hundred day simple moving average of $17.39.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) EPS 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, equities research analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.
Fidelis Insurance Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.43%. Fidelis Insurance's dividend payout ratio is currently 42.55%.
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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