Fidelis Insurance Holdings Limited $FIHL Shares Bought by LSV Asset Management

LSV Asset Management grew its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 23.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,119,180 shares of the company’s stock after buying an additional 589,985 shares during the quarter. LSV Asset Management’s holdings in Fidelis Insurance were worth $51,716,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Cooperman Leon G raised its holdings in Fidelis Insurance by 27.5% in the first quarter. Cooperman Leon G now owns 4,799,778 shares of the company’s stock valued at $77,756,000 after acquiring an additional 1,036,019 shares in the last quarter. American Century Companies Inc. increased its position in shares of Fidelis Insurance by 6.9% in the 1st quarter. American Century Companies Inc. now owns 3,825,159 shares of the company’s stock valued at $61,968,000 after purchasing an additional 248,141 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Fidelis Insurance by 4.5% in the 1st quarter. Wellington Management Group LLP now owns 3,386,797 shares of the company’s stock valued at $54,866,000 after purchasing an additional 146,116 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Fidelis Insurance by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 896,089 shares of the company’s stock valued at $14,517,000 after purchasing an additional 320,242 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Fidelis Insurance by 4.0% during the 1st quarter. Millennium Management LLC now owns 859,192 shares of the company’s stock worth $13,919,000 after purchasing an additional 33,420 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FIHL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their target price on Fidelis Insurance from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday. UBS Group upped their price objective on Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday. Barclays raised their target price on Fidelis Insurance from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Zacks Research raised Fidelis Insurance from a “strong sell” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Fidelis Insurance in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.00.

Fidelis Insurance Stock Up 0.5%

Fidelis Insurance stock opened at $18.47 on Tuesday. The company has a market capitalization of $2.04 billion, a P/E ratio of -369.30 and a beta of 0.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $20.85. The stock has a 50-day simple moving average of $18.05 and a 200-day simple moving average of $17.12.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings results on Wednesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%.The firm had revenue of $797.50 million for the quarter, compared to the consensus estimate of $676.79 million. Equities research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 10th. Fidelis Insurance’s payout ratio is presently -1,200.00%.

About Fidelis Insurance

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.