Bridgeway Capital Management LLC Sells 48,791 Shares of Fidelis Insurance Holdings Limited $FIHL

Bridgeway Capital Management LLC decreased its position in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 6.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 735,779 shares of the company’s stock after selling 48,791 shares during the period. Bridgeway Capital Management LLC’s holdings in Fidelis Insurance were worth $12,199,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FIHL. North Capital Inc. bought a new position in shares of Fidelis Insurance in the second quarter valued at approximately $33,000. Ameritas Investment Partners Inc. grew its stake in Fidelis Insurance by 15.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock valued at $101,000 after purchasing an additional 810 shares during the period. CWM LLC grew its stake in Fidelis Insurance by 444.4% in the 2nd quarter. CWM LLC now owns 7,131 shares of the company’s stock valued at $118,000 after purchasing an additional 5,821 shares during the period. EMC Capital Management purchased a new stake in shares of Fidelis Insurance during the 2nd quarter valued at $131,000. Finally, First Trust Advisors LP bought a new stake in shares of Fidelis Insurance during the 2nd quarter worth $169,000. Institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

FIHL has been the subject of a number of research analyst reports. Evercore ISI raised their price objective on shares of Fidelis Insurance from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 13th. Zacks Research raised shares of Fidelis Insurance from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 11th. The Goldman Sachs Group raised their price target on shares of Fidelis Insurance from $16.50 to $17.00 and gave the stock a “sell” rating in a research note on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelis Insurance in a research note on Monday. Finally, Barclays increased their price objective on Fidelis Insurance from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Fidelis Insurance currently has a consensus rating of “Hold” and a consensus price target of $21.14.

Fidelis Insurance Stock Performance

NYSE FIHL opened at $19.03 on Friday. The firm has a market cap of $2.11 billion, a P/E ratio of -380.68 and a beta of 0.25. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $18.49 and its 200-day moving average is $17.35. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $19.50.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Wednesday, November 12th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.19 by $0.02. Fidelis Insurance had a negative net margin of 0.56% and a negative return on equity of 0.94%. The company had revenue of $651.90 million during the quarter, compared to the consensus estimate of $676.79 million. Sell-side analysts predict that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

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

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.