Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P increased its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 127,593 shares of the company’s stock after buying an additional 7,997 shares during the quarter. Martingale Asset Management L P’s holdings in Fidelis Insurance were worth $2,304,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Fidelis Insurance by 227.4% in the 1st quarter. Vanguard Group Inc. now owns 562,570 shares of the company’s stock worth $10,959,000 after buying an additional 390,754 shares in the last quarter. Boston Partners grew its holdings in Fidelis Insurance by 213.7% during the first quarter. Boston Partners now owns 714,683 shares of the company’s stock worth $13,922,000 after acquiring an additional 486,888 shares during the period. Empowered Funds LLC acquired a new stake in Fidelis Insurance in the 3rd quarter valued at about $6,424,000. Principal Financial Group Inc. bought a new position in shares of Fidelis Insurance during the 3rd quarter valued at about $1,144,000. Finally, Interval Partners LP grew its stake in shares of Fidelis Insurance by 75.6% in the 2nd quarter. Interval Partners LP now owns 248,116 shares of the company’s stock worth $4,047,000 after purchasing an additional 106,845 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Stock Performance

Shares of FIHL stock opened at $20.53 on Friday. The stock’s fifty day simple moving average is $18.48 and its 200-day simple moving average is $17.62. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 5.18 and a beta of -0.01. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 1-year low of $11.80 and a 1-year high of $21.32.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.95%. Fidelis Insurance’s dividend payout ratio is 10.10%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays began coverage on shares of Fidelis Insurance in a report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 target price for the company. The Goldman Sachs Group assumed coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a report on Friday, August 16th. Finally, Keefe, Bruyette & Woods lifted their price target on Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Fidelis Insurance has an average rating of “Moderate Buy” and an average price target of $21.50.

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.