JPMorgan Chase & Co. Boosts Stock Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

JPMorgan Chase & Co. boosted its position in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 33.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,156 shares of the company’s stock after buying an additional 37,544 shares during the quarter. JPMorgan Chase & Co.’s holdings in Fidelis Insurance were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of FIHL. Barclays PLC raised its position in shares of Fidelis Insurance by 306.7% in the third quarter. Barclays PLC now owns 68,184 shares of the company’s stock valued at $1,231,000 after purchasing an additional 51,419 shares during the period. Geode Capital Management LLC grew its stake in Fidelis Insurance by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company’s stock valued at $11,335,000 after buying an additional 44,416 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Fidelis Insurance during the 3rd quarter valued at $1,144,000. Wedge Capital Management L L P NC purchased a new stake in shares of Fidelis Insurance during the fourth quarter worth $1,008,000. Finally, R Squared Ltd bought a new position in shares of Fidelis Insurance in the fourth quarter worth $26,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on FIHL. UBS Group boosted their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, March 7th. The Goldman Sachs Group restated a “sell” rating and issued a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their target price on shares of Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price target 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. Finally, Barclays reduced their price target on shares of Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.71.

Fidelis Insurance Price Performance

FIHL stock opened at $16.45 on Wednesday. The firm has a 50 day simple moving average of $15.56 and a two-hundred day simple moving average of $17.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $1.84 billion, a PE ratio of 4.15 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.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($1.98). The firm had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. On average, analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.43%. The ex-dividend date was Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio is currently 42.55%.

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.