136,033 Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL) Bought by Diversified Trust Co

Diversified Trust Co bought a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 136,033 shares of the company’s stock, valued at approximately $2,457,000. Diversified Trust Co owned 0.12% of Fidelis Insurance as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in shares of Fidelis Insurance in the second quarter worth about $618,000. Ghisallo Capital Management LLC lifted its stake in shares of Fidelis Insurance by 1,038.8% in the 2nd quarter. Ghisallo Capital Management LLC now owns 400,000 shares of the company’s stock valued at $6,524,000 after acquiring an additional 364,875 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in Fidelis Insurance in the second quarter valued at approximately $1,196,000. The Manufacturers Life Insurance Company boosted its position in Fidelis Insurance by 3.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock valued at $283,000 after buying an additional 649 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in shares of Fidelis Insurance during the second quarter valued at about $566,000. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Price Performance

FIHL stock opened at $17.11 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 4.15 and a beta of -0.11. The firm has a 50 day moving average price of $17.93 and a 200-day moving average price of $17.72. Fidelis Insurance Holdings Limited has a 52-week low of $11.55 and a 52-week high of $20.53.

Fidelis Insurance (NYSE:FIHL) last released its earnings results on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). The company had revenue of $547.10 million during the quarter, compared to analysts’ expectations of $582.19 million. Fidelis Insurance had a return on equity of 15.67% and a net margin of 20.96%. Equities research analysts forecast that Fidelis Insurance Holdings Limited will post 2.94 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.40 annualized dividend and a yield of 2.34%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 9.71%.

Analyst Ratings Changes

A number of research analysts recently issued reports on FIHL shares. Barclays assumed coverage on Fidelis Insurance in a report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price target on the stock. Evercore ISI started coverage on shares of Fidelis Insurance in a report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of Fidelis Insurance from $18.50 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a research report on Friday, August 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $24.00 price objective on shares of Fidelis Insurance in a research report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Fidelis Insurance has an average rating of “Hold” and an average price target of $20.44.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.