Wellington Management Group LLP Raises Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Wellington Management Group LLP lifted its position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 76.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,078,157 shares of the company's stock after buying an additional 1,332,896 shares during the quarter. Wellington Management Group LLP owned about 2.61% of Fidelis Insurance worth $55,592,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in Fidelis Insurance by 144.4% during the 1st quarter. California State Teachers Retirement System now owns 6,103 shares of the company's stock valued at $119,000 after purchasing an additional 3,606 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fidelis Insurance during the second quarter worth $140,000. Summit Global Investments bought a new stake in shares of Fidelis Insurance in the third quarter valued at about $238,000. Intech Investment Management LLC bought a new position in Fidelis Insurance during the third quarter worth about $269,000. Finally, Caprock Group LLC bought a new stake in Fidelis Insurance in the 2nd quarter valued at about $265,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their target price on Fidelis Insurance from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. The Goldman Sachs Group assumed coverage on Fidelis Insurance in a research note on Tuesday, September 17th. They set a "neutral" rating and a $18.50 target price for the company. Barclays began 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. Finally, JMP Securities reissued a "market outperform" rating and set a $24.00 price objective on shares of Fidelis Insurance in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.50.

Fidelis Insurance Stock Down 0.4 %

NYSE FIHL traded down $0.08 during mid-day trading on Thursday, hitting $19.44. The company's stock had a trading volume of 118,252 shares, compared to its average volume of 570,359. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 4.93 and a beta of 0.29. The company's 50 day simple moving average is $18.74 and its 200 day simple moving average is $17.75. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a twelve month low of $11.80 and a twelve month high of $21.32.

Fidelis Insurance Dividend Announcement

The firm also recently announced 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 2.06%. The ex-dividend date is Friday, November 29th. Fidelis Insurance's payout ratio is presently 10.10%.

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.