New York State Common Retirement Fund Acquires 2,800 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

New York State Common Retirement Fund grew its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 22.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,311 shares of the company’s stock after buying an additional 2,800 shares during the quarter. New York State Common Retirement Fund’s holdings in Fidelis Insurance were worth $278,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Fidelis Insurance during the 4th quarter valued at about $26,000. Venturi Wealth Management LLC boosted its position in Fidelis Insurance by 1,862.9% during the 4th 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 in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Fidelis Insurance during the 3rd quarter worth approximately $195,000. Summit Global Investments bought a new position in shares of Fidelis Insurance in the 3rd quarter worth approximately $238,000. Finally, Intech Investment Management LLC purchased a new position in shares of Fidelis Insurance in the 3rd quarter valued at approximately $269,000. 81.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FIHL has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Barclays reduced their target price on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. UBS Group lowered their price target on shares of Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Fidelis Insurance has a consensus rating of “Hold” and an average target price of $20.29.

Fidelis Insurance Stock Performance

Shares of FIHL stock opened at $15.23 on Thursday. The company has a market capitalization of $1.80 billion, a price-to-earnings 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 one year low of $14.17 and a one year high of $21.32. The company’s 50-day moving average is $16.47 and its 200 day moving average is $17.78.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly 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). The firm had revenue of $685.90 million for the quarter, compared to analysts’ expectations of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. Sell-side analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The firm also recently announced 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Wednesday, March 12th. Fidelis Insurance’s payout ratio is 42.55%.

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.