Fidelis Insurance Holdings Limited (NYSE:FIHL) Position Boosted by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,240,681 shares of the company’s stock after acquiring an additional 162,524 shares during the period. Wellington Management Group LLP’s holdings in Fidelis Insurance were worth $58,754,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FIHL. R Squared Ltd bought a new position in shares of Fidelis Insurance in the fourth quarter valued at approximately $26,000. Venturi Wealth Management LLC boosted its stake in Fidelis Insurance by 1,862.9% during the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock valued at $111,000 after purchasing an additional 5,831 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Fidelis Insurance during the 3rd quarter valued at $195,000. Fox Run Management L.L.C. bought a new stake in shares of Fidelis Insurance in the 4th quarter worth $235,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of 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 valued at $278,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Price Performance

FIHL opened at $15.53 on Friday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 3.92 and a beta of 0.28. The stock has a fifty day moving average of $15.81 and a 200-day moving average of $17.36. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32.

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

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were paid a $0.10 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.58%. Fidelis Insurance’s dividend payout ratio is presently 42.55%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. 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. The Goldman Sachs Group reiterated a “sell” rating and issued a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. UBS Group raised their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods dropped 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. Finally, JPMorgan Chase & Co. cut their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.57.

Fidelis Insurance 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.