State Street Corp Sells 22,203 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

State Street Corp cut its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 751,346 shares of the company’s stock after selling 22,203 shares during the quarter. State Street Corp owned approximately 0.64% of Fidelis Insurance worth $13,569,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Empowered Funds LLC acquired a new position in shares of Fidelis Insurance in the third quarter worth approximately $6,424,000. Principal Financial Group Inc. acquired a new stake in Fidelis Insurance during the 3rd quarter valued at approximately $1,144,000. Interval Partners LP raised its holdings in Fidelis Insurance by 75.6% during the 2nd quarter. Interval Partners LP now owns 248,116 shares of the company’s stock worth $4,047,000 after purchasing an additional 106,845 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Fidelis Insurance in the 2nd quarter worth approximately $1,196,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Fidelis Insurance in the 2nd quarter valued at $566,000. Institutional investors own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

FIHL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group started coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective for the company. Finally, Barclays began coverage on Fidelis Insurance in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Fidelis Insurance Price Performance

Shares of NYSE FIHL opened at $17.82 on Thursday. The firm has a market capitalization of $2.10 billion, a P/E ratio of 4.50 and a beta of 0.29. The firm’s 50-day moving average price is $18.80 and its 200-day moving average price is $17.91. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 1-year low of $11.80 and a 1-year high of $21.32.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.24%. Fidelis Insurance’s payout ratio is currently 10.10%.

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.