SG Americas Securities LLC Purchases 28,761 Shares of Fidelis Insurance Holdings Limited $FIHL

SG Americas Securities LLC increased its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 179.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 44,821 shares of the company’s stock after acquiring an additional 28,761 shares during the quarter. SG Americas Securities LLC’s holdings in Fidelis Insurance were worth $857,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Doma Perpetual Capital Management LLC increased its holdings in shares of Fidelis Insurance by 36.7% in the 3rd quarter. Doma Perpetual Capital Management LLC now owns 636,912 shares of the company’s stock worth $11,560,000 after buying an additional 170,827 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Fidelis Insurance by 46.1% during the 4th quarter. LSV Asset Management now owns 4,377,732 shares of the company’s stock worth $85,672,000 after acquiring an additional 1,382,352 shares during the last quarter. Cooperman Leon G lifted its holdings in shares of Fidelis Insurance by 14.8% during the 3rd quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock worth $120,924,000 after acquiring an additional 856,413 shares during the last quarter. NFC Investments LLC grew its position in Fidelis Insurance by 50.9% in the fourth quarter. NFC Investments LLC now owns 809,454 shares of the company’s stock worth $15,841,000 after acquiring an additional 273,075 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Fidelis Insurance in the fourth quarter worth $1,094,000. Institutional investors own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

FIHL has been the topic of a number of research reports. UBS Group raised their price target on Fidelis Insurance from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Barclays upped their price objective on Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fidelis Insurance has an average rating of “Hold” and an average target price of $21.92.

Fidelis Insurance Trading Up 2.3%

FIHL stock opened at $25.56 on Monday. The company has a market capitalization of $2.47 billion, a PE ratio of 11.57 and a beta of 0.36. Fidelis Insurance Holdings Limited has a one year low of $14.80 and a one year high of $21.50. The company’s 50 day moving average price is $22.47 and its two-hundred day moving average price is $20.43. 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 (NYSE:FIHL) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.94 earnings per share for the quarter. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. The firm had revenue of $610.60 million during the quarter. As a group, analysts predict that Fidelis Insurance Holdings Limited will post 3.19 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, June 15th. Fidelis Insurance’s dividend payout ratio (DPR) is presently 27.15%.

About Fidelis Insurance

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.