Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,862 shares of the company’s stock after acquiring an additional 20,829 shares during the quarter. Sei Investments Co. owned approximately 0.22% of Fidelis Insurance worth $4,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Fidelis Insurance during the 4th quarter worth about $26,000. Venturi Wealth Management LLC increased its stake in shares of Fidelis Insurance by 1,862.9% during the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock valued at $111,000 after acquiring an additional 5,831 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Fidelis Insurance during the third quarter worth approximately $195,000. Intech Investment Management LLC acquired a new stake in Fidelis Insurance in the third quarter worth approximately $269,000. Finally, New York State Common Retirement Fund boosted its stake 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 valued at $278,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Stock Up 1.6 %

Shares of Fidelis Insurance stock opened at $16.73 on Thursday. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The stock has a market capitalization of $1.87 billion, a P/E ratio of 4.22 and a beta of 0.61. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $15.83 and a two-hundred day moving average price of $17.38.

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

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid 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 2.39%. Fidelis Insurance’s payout ratio is 42.55%.

Wall Street Analyst Weigh In

FIHL has been the subject of a number of research reports. The Goldman Sachs Group restated a “sell” rating and set a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. UBS Group increased their price target on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Barclays cut their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Fidelis Insurance currently has a consensus rating of “Hold” and an average price target of $20.57.

Fidelis Insurance Company 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.