Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 76.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,644 shares of the company’s stock after selling 51,906 shares during the quarter. Natixis Advisors LLC’s holdings in Fidelis Insurance were worth $284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIHL. The Manufacturers Life Insurance Company increased its stake in Fidelis Insurance by 4.4% in the third quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company’s stock valued at $327,000 after purchasing an additional 770 shares during the period. R Squared Ltd purchased a new stake in Fidelis Insurance during the 4th quarter valued at approximately $26,000. New York State Common Retirement Fund lifted its position in Fidelis Insurance by 22.4% during the 4th quarter. New York State Common Retirement Fund now owns 15,311 shares of the company’s stock worth $278,000 after acquiring an additional 2,800 shares during the period. Rhumbline Advisers grew its stake in shares of Fidelis Insurance by 5.1% in the 4th quarter. Rhumbline Advisers now owns 76,054 shares of the company’s stock valued at $1,379,000 after purchasing an additional 3,689 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Fidelis Insurance by 1,862.9% in the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock valued at $111,000 after purchasing an additional 5,831 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FIHL. Keefe, Bruyette & Woods decreased their price target on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. UBS Group increased their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, March 7th. The Goldman Sachs Group reiterated a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Finally, Barclays cut their target price on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th. 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. According to data from MarketBeat.com, Fidelis Insurance presently has a consensus rating of “Hold” and an average price target of $20.57.

Fidelis Insurance Price Performance

FIHL stock opened at $16.21 on Friday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 4.09 and a beta of 0.61. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $15.83 and a 200-day moving average of $17.41. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32.

Fidelis Insurance (NYSE:FIHL) last posted its earnings results on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The firm had revenue of $685.90 million for the quarter, compared to analysts’ expectations of $661.52 million. As a group, equities analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.47%. Fidelis Insurance’s dividend payout ratio (DPR) is currently 42.55%.

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.