Charles Schwab Investment Management Inc. Acquires 8,992 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Charles Schwab Investment Management Inc. lifted its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 124,828 shares of the company’s stock after purchasing an additional 8,992 shares during the period. Charles Schwab Investment Management Inc. owned about 0.11% of Fidelis Insurance worth $2,254,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FIHL. California State Teachers Retirement System raised its stake 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 worth $119,000 after acquiring an additional 3,606 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Fidelis Insurance during the 2nd quarter valued at approximately $140,000. Summit Global Investments purchased a new stake in Fidelis Insurance during the 3rd quarter valued at approximately $238,000. Intech Investment Management LLC purchased a new stake in Fidelis Insurance during the 3rd quarter valued at approximately $269,000. Finally, Caprock Group LLC purchased a new stake in Fidelis Insurance during the 2nd quarter valued at approximately $265,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Down 1.4 %

FIHL stock opened at $19.08 on Monday. The firm has a fifty day moving average price of $18.78 and a 200 day moving average price of $17.81. Fidelis Insurance Holdings Limited has a fifty-two week low of $11.80 and a fifty-two week high of $21.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $2.25 billion, a PE ratio of 4.82 and a beta of 0.30.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.10%. The ex-dividend date is Friday, November 29th. Fidelis Insurance’s payout ratio is 10.10%.

Analyst Ratings Changes

A number of brokerages have issued reports on FIHL. Keefe, Bruyette & Woods increased their price objective on shares of 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 began coverage on shares of Fidelis Insurance in a report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price objective for the company. Finally, Barclays assumed coverage on shares of Fidelis Insurance in a report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Fidelis Insurance has a consensus rating of “Moderate Buy” and an average price target of $21.50.

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.