Uniplan Investment Counsel Inc. raised its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 79.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 207,075 shares of the company's stock after acquiring an additional 91,619 shares during the period. Uniplan Investment Counsel Inc. owned approximately 0.18% of Fidelis Insurance worth $3,754,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management purchased a new stake in Fidelis Insurance during the 4th quarter worth approximately $24,435,000. Dimensional Fund Advisors LP grew its stake in Fidelis Insurance by 3,511.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 539,783 shares of the company's stock worth $9,785,000 after purchasing an additional 524,835 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Fidelis Insurance by 77.9% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,166,264 shares of the company's stock worth $21,144,000 after purchasing an additional 510,699 shares during the period. Marshall Wace LLP acquired a new position in shares of Fidelis Insurance during the fourth quarter worth about $7,192,000. Finally, American Century Companies Inc. increased its stake in shares of Fidelis Insurance by 6.7% during the fourth quarter. American Century Companies Inc. now owns 3,577,018 shares of the company's stock worth $64,851,000 after buying an additional 225,952 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.
Fidelis Insurance Price Performance
Shares of NYSE FIHL traded down $0.29 on Friday, hitting $16.18. The company's stock had a trading volume of 393,567 shares, compared to its average volume of 579,236. The stock has a 50 day moving average of $15.57 and a 200-day moving average of $17.12. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 4.09 and a beta of 0.28. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. As a group, research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.
Fidelis Insurance Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance's dividend payout ratio is currently 42.55%.
Analyst Ratings Changes
A number of research analysts have recently commented on FIHL shares. UBS Group increased their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. lowered their target price on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Barclays dropped their price objective on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods decreased their target price on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Fidelis Insurance presently has an average rating of "Hold" and an average price target of $19.71.
Read Our Latest Report on FIHL
About Fidelis Insurance
(
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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