Rhumbline Advisers Has $1.38 Million Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Rhumbline Advisers lifted its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,054 shares of the company’s stock after purchasing an additional 3,689 shares during the quarter. Rhumbline Advisers owned 0.06% of Fidelis Insurance worth $1,379,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FIHL. Empowered Funds LLC raised its holdings in shares of Fidelis Insurance by 21.9% during the fourth quarter. Empowered Funds LLC now owns 433,559 shares of the company’s stock worth $7,860,000 after acquiring an additional 77,851 shares during the period. R Squared Ltd bought a new position in Fidelis Insurance during the 4th quarter worth about $26,000. Wedge Capital Management L L P NC acquired a new stake in shares of Fidelis Insurance in the 4th quarter valued at about $1,008,000. Principal Financial Group Inc. bought a new stake in shares of Fidelis Insurance in the third quarter valued at about $1,144,000. Finally, Barclays PLC boosted its position in shares of Fidelis Insurance by 306.7% during the third quarter. Barclays PLC now owns 68,184 shares of the company’s stock worth $1,231,000 after buying an additional 51,419 shares during the period. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Down 0.6 %

Shares of NYSE:FIHL opened at $15.23 on Thursday. The company has a 50-day simple moving average of $16.47 and a 200 day simple moving average of $17.78. The company has a market capitalization of $1.80 billion, a P/E ratio of 3.84 and a beta of 0.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Fidelis Insurance Holdings Limited has a 52-week low of $14.17 and a 52-week high of $21.32.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data 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 business 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%. Sell-side analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 2.63%. Fidelis Insurance’s dividend payout ratio is currently 42.55%.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIHL. JPMorgan Chase & Co. cut their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group reissued a “sell” rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. UBS Group decreased their price objective on Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Keefe, Bruyette & Woods dropped their target price on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Barclays decreased their price target 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 issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.29.

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.