Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 96.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,320 shares of the company’s stock after purchasing an additional 14,429 shares during the quarter. Intech Investment Management LLC’s holdings in Fidelis Insurance were worth $532,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FIHL. R Squared Ltd acquired a new stake in shares of Fidelis Insurance during the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC raised its holdings in shares of Fidelis Insurance by 1,862.9% during the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after purchasing an additional 5,831 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Fidelis Insurance in the 3rd quarter worth about $195,000. New York State Common Retirement Fund boosted its holdings in shares of Fidelis Insurance by 22.4% in the 4th quarter. New York State Common Retirement Fund now owns 15,311 shares of the company’s stock valued at $278,000 after buying an additional 2,800 shares during the period. Finally, ClearAlpha Technologies LP bought a new stake in shares of Fidelis Insurance during the 3rd quarter valued at about $298,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Trading Up 2.7 %

Fidelis Insurance stock opened at $16.01 on Tuesday. The company has a 50 day moving average price of $15.87 and a 200 day moving average price of $17.46. 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 Holdings Limited has a 52 week low of $14.17 and a 52 week high of $21.32. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 4.04 and a beta of 0.61.

Fidelis Insurance (NYSE:FIHL) last released its earnings results 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 net margin of 20.17% and a return on equity of 15.27%. The business had revenue of $685.90 million for the quarter, compared to analysts’ expectations of $661.52 million. Research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. Fidelis Insurance’s dividend payout ratio is currently 42.55%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group raised their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Barclays cut their price target on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 20th. The Goldman Sachs Group restated a “sell” rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research note 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 on the stock in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Fidelis Insurance presently has a consensus rating of “Hold” and a consensus price target of $20.57.

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.