Sanctuary Advisors LLC Buys New Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Sanctuary Advisors 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 & Exchange Commission. The fund purchased 37,919 shares of the company’s stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in Fidelis Insurance by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock valued at $283,000 after buying an additional 649 shares in the last quarter. Cambridge Trust Co. acquired a new position in shares of Fidelis Insurance during the first quarter worth approximately $58,000. EntryPoint Capital LLC acquired a new position in shares of Fidelis Insurance during the first quarter worth approximately $63,000. California State Teachers Retirement System lifted its position in shares of Fidelis Insurance by 144.4% during the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock worth $119,000 after purchasing an additional 3,606 shares in the last quarter. Finally, Prospector Partners LLC lifted its position in shares of Fidelis Insurance by 0.6% during the second quarter. Prospector Partners LLC now owns 577,628 shares of the company’s stock worth $9,421,000 after purchasing an additional 3,710 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Stock Up 1.5 %

Shares of NYSE:FIHL opened at $18.41 on Tuesday. Fidelis Insurance Holdings Limited has a 52 week low of $11.55 and a 52 week high of $20.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $2.17 billion, a PE ratio of 4.47 and a beta of -0.11. The company has a 50 day moving average price of $17.96 and a two-hundred day moving average price of $17.69.

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

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Monday, September 16th. Fidelis Insurance’s dividend payout ratio is 9.71%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FIHL. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. 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. upped their target price 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 initiated coverage on shares of Fidelis Insurance in a research note on Wednesday, July 17th. They set an “inline” rating and a $19.00 price target for the company. Finally, Barclays initiated coverage on shares of Fidelis Insurance in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.44.

Fidelis Insurance 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.