Principal Financial Group Inc. Invests $1.14 Million in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Principal Financial Group Inc. purchased a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in Fidelis Insurance by 3.9% in 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. Cambridge Trust Co. acquired a new position in Fidelis Insurance during the first quarter valued at approximately $58,000. EntryPoint Capital LLC bought a new stake in Fidelis Insurance during the first quarter worth $63,000. California State Teachers Retirement System boosted its holdings in shares of Fidelis Insurance by 144.4% in the 1st quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock valued at $119,000 after purchasing an additional 3,606 shares in the last quarter. Finally, Prospector Partners LLC increased its stake in shares of Fidelis Insurance by 0.6% in the 2nd quarter. Prospector Partners LLC now owns 577,628 shares of the company’s stock valued at $9,421,000 after purchasing an additional 3,710 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FIHL shares. Keefe, Bruyette & Woods upped their price objective on Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group started coverage on shares of Fidelis Insurance in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price target on the stock. Barclays assumed coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price objective for the company. Finally, JMP Securities restated a “market outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.69.

Fidelis Insurance Stock Down 0.7 %

NYSE:FIHL opened at $20.39 on Friday. Fidelis Insurance Holdings Limited has a one year low of $11.55 and a one 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 company has a market cap of $2.40 billion, a PE ratio of 5.15 and a beta of -0.01. The firm’s 50 day simple moving average is $18.21 and its 200 day simple moving average is $17.56.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.96%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

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.