Caprock Group LLC Purchases Shares of 16,228 Fidelis Insurance Holdings Limited (NYSE:FIHL)

Caprock Group LLC purchased a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,228 shares of the company’s stock, valued at approximately $265,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Fidelis Insurance by 227.4% in the first quarter. Vanguard Group Inc. now owns 562,570 shares of the company’s stock valued at $10,959,000 after buying an additional 390,754 shares in the last quarter. Boston Partners increased its position in shares of Fidelis Insurance by 213.7% during the first quarter. Boston Partners now owns 714,683 shares of the company’s stock worth $13,922,000 after purchasing an additional 486,888 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Fidelis Insurance during the first quarter worth about $1,287,000. Quadrature Capital Ltd increased its position in shares of Fidelis Insurance by 125.0% during the first quarter. Quadrature Capital Ltd now owns 65,639 shares of the company’s stock worth $1,279,000 after purchasing an additional 36,464 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Fidelis Insurance during the second quarter worth about $2,381,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JMP Securities reiterated a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on shares of Fidelis Insurance from $18.50 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Evercore ISI assumed coverage on shares of Fidelis Insurance in a report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 target price for the company. Barclays began coverage on Fidelis Insurance in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Fidelis Insurance in a research report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.13.

Fidelis Insurance Stock Up 1.3 %

Fidelis Insurance stock opened at $17.60 on Friday. Fidelis Insurance Holdings Limited has a twelve month low of $11.55 and a twelve month high of $20.53. The stock has a 50 day moving average of $17.64 and a two-hundred day moving average of $17.64. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 4.27 and a beta of -0.10.

Fidelis Insurance (NYSE:FIHL) last issued its earnings results on Wednesday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). The business had revenue of $547.10 million for the quarter, compared to analysts’ expectations of $582.19 million. Fidelis Insurance had a return on equity of 15.67% and a net margin of 20.96%. As a group, research analysts expect that Fidelis Insurance Holdings Limited will post 2.94 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, September 16th. Fidelis Insurance’s dividend payout ratio (DPR) is 9.71%.

About Fidelis Insurance

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.