Fox Run Management L.L.C. Makes New $882,000 Investment in Fidelis Insurance Holdings Limited $FIHL

Fox Run Management L.L.C. bought a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL) in the fourth quarter, HoldingsChannel reports. The fund bought 45,059 shares of the company’s stock, valued at approximately $882,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Focus Partners Wealth acquired a new position in Fidelis Insurance in the 3rd quarter worth about $77,000. Tower Research Capital LLC TRC increased its stake in shares of Fidelis Insurance by 58.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock valued at $129,000 after buying an additional 2,885 shares during the period. First Trust Advisors LP acquired a new stake in shares of Fidelis Insurance in the second quarter valued at about $169,000. Quadrant Capital Group LLC acquired a new stake in shares of Fidelis Insurance in the third quarter valued at about $193,000. Finally, State of Wyoming acquired a new stake in shares of Fidelis Insurance in the fourth quarter valued at about $214,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on Fidelis Insurance from $19.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. UBS Group increased their price target on Fidelis Insurance from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Weiss Ratings raised Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 6th. Finally, Keefe, Bruyette & Woods increased their price target on Fidelis Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.92.

Fidelis Insurance Stock Up 2.4%

Shares of NYSE:FIHL opened at $22.61 on Thursday. The business’s 50 day simple moving average is $21.13 and its two-hundred day simple moving average is $19.81. The firm has a market cap of $2.19 billion, a P/E ratio of 10.23 and a beta of 0.36. 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 52-week low of $14.80 and a 52-week high of $21.50.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.94 earnings per share (EPS) for the quarter. The business had revenue of $610.60 million for the quarter. Fidelis Insurance had a return on equity of 8.62% and a net margin of 9.02%. As a group, research analysts forecast that Fidelis Insurance Holdings Limited will post 3.19 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be issued a $0.15 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.60 annualized dividend and a yield of 2.7%. Fidelis Insurance’s dividend payout ratio is presently 27.15%.

Fidelis Insurance declared that its Board of Directors has initiated a stock repurchase program on Friday, February 20th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 18% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Fidelis Insurance Profile

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.