Barclays PLC Acquires 51,419 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Barclays PLC grew its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 306.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,184 shares of the company’s stock after purchasing an additional 51,419 shares during the period. Barclays PLC owned approximately 0.06% of Fidelis Insurance worth $1,231,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in shares of Fidelis Insurance by 76.4% in the third quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company’s stock valued at $55,592,000 after purchasing an additional 1,332,896 shares during the period. American Century Companies Inc. lifted its holdings in shares of Fidelis Insurance by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock valued at $53,261,000 after purchasing an additional 1,249,853 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Fidelis Insurance by 78.6% in the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock worth $17,593,000 after acquiring an additional 474,714 shares in the last quarter. Ghisallo Capital Management LLC grew its position in Fidelis Insurance by 1,038.8% during the 2nd quarter. Ghisallo Capital Management LLC now owns 400,000 shares of the company’s stock worth $6,524,000 after purchasing an additional 364,875 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Fidelis Insurance during the third quarter valued at $6,424,000. 81.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FIHL has been the subject of a number of recent research reports. Barclays reduced their price objective on Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. reduced 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, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.86.

Fidelis Insurance Stock Up 1.9 %

Shares of Fidelis Insurance stock opened at $16.44 on Tuesday. The company has a market capitalization of $1.94 billion, a PE ratio of 4.15 and a beta of 0.53. Fidelis Insurance Holdings Limited has a 1-year low of $12.20 and a 1-year high of $21.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50-day moving average of $18.76 and a 200-day moving average of $18.03.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.43%. 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.