Boston Partners Lowers Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Boston Partners trimmed its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 30.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 829,000 shares of the company’s stock after selling 370,403 shares during the quarter. Boston Partners’ holdings in Fidelis Insurance were worth $15,020,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FIHL. R Squared Ltd purchased a new stake in Fidelis Insurance in the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC lifted its holdings in shares of Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock valued at $111,000 after buying an additional 5,831 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Fidelis Insurance in the third quarter valued at approximately $195,000. Intech Investment Management LLC acquired a new position in Fidelis Insurance during the third quarter worth $269,000. Finally, New York State Common Retirement Fund raised its position in Fidelis Insurance by 22.4% in the fourth quarter. New York State Common Retirement Fund now owns 15,311 shares of the company’s stock worth $278,000 after acquiring an additional 2,800 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Stock Performance

Fidelis Insurance stock opened at $15.64 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The stock has a fifty day moving average of $15.89 and a two-hundred day moving average of $17.51. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 3.95 and a beta of 0.61.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. On average, analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.56%. Fidelis Insurance’s dividend payout ratio (DPR) is currently 42.55%.

Analysts Set New Price Targets

FIHL has been the topic of a number of recent analyst reports. UBS Group upped their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. reduced their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price target on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Finally, Barclays lowered their target price on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.57.

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.