63,363 Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL) Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 63,363 shares of the company’s stock, valued at approximately $1,144,000. Principal Financial Group Inc. owned approximately 0.05% of Fidelis Insurance at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelis Insurance in the 2nd quarter worth about $140,000. Y Intercept Hong Kong Ltd purchased a new position in Fidelis Insurance in the third quarter worth about $195,000. Summit Global Investments bought a new position in shares of Fidelis Insurance in the third quarter worth approximately $238,000. Caprock Group LLC purchased a new stake in shares of Fidelis Insurance during the second quarter valued at approximately $265,000. Finally, Intech Investment Management LLC bought a new stake in shares of Fidelis Insurance during the third quarter valued at approximately $269,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Trading Down 3.8 %

Shares of NYSE:FIHL opened at $17.29 on Friday. Fidelis Insurance Holdings Limited has a 52-week low of $11.80 and a 52-week high of $21.32. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 4.37 and a beta of 0.53. 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 stock’s 50-day simple moving average is $18.83 and its two-hundred day simple moving average is $17.99.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.31%. Fidelis Insurance’s dividend payout ratio (DPR) is 10.10%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group began coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Keefe, Bruyette & Woods boosted their target price on Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.50.

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.