Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 306.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,184 shares of the company’s stock after buying an additional 51,419 shares during the quarter. Barclays PLC owned about 0.06% of Fidelis Insurance worth $1,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Natixis Advisors LLC acquired a new position in Fidelis Insurance in the second quarter valued at approximately $1,108,000. Caprock Group LLC acquired a new stake in shares of Fidelis Insurance during the 2nd quarter worth about $265,000. Ashton Thomas Private Wealth LLC purchased a new stake in Fidelis Insurance in the 2nd quarter valued at about $140,000. American Century Companies Inc. boosted its stake in Fidelis Insurance by 62.0% during the second quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock worth $53,261,000 after buying an additional 1,249,853 shares during the period. Finally, Federated Hermes Inc. increased its position in shares of Fidelis Insurance by 78.6% during the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock valued at $17,593,000 after acquiring an additional 474,714 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Trading Down 1.2 %

NYSE:FIHL opened at $17.61 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 52-week low of $11.80 and a 52-week high of $21.32. The stock’s 50 day moving average price is $18.79 and its 200 day moving average price is $17.95. The company has a market capitalization of $2.08 billion, a PE ratio of 4.45 and a beta of 0.30.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, November 29th. Fidelis Insurance’s dividend payout ratio is currently 10.10%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FIHL. Keefe, Bruyette & Woods upped their price target on 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 initiated coverage on shares of Fidelis Insurance in a research note on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price target on the stock. Finally, Barclays began coverage on shares of Fidelis Insurance in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Fidelis Insurance currently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

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.