Venturi Wealth Management LLC Has $111,000 Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Venturi Wealth Management LLC raised its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 1,862.9% in the fourth quarter, Holdings Channel reports. The fund owned 6,144 shares of the company’s stock after acquiring an additional 5,831 shares during the period. Venturi Wealth Management LLC’s holdings in Fidelis Insurance were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIHL. R Squared Ltd acquired a new position in Fidelis Insurance in the fourth quarter valued at about $26,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Fidelis Insurance during the third quarter worth about $195,000. Summit Global Investments acquired a new position in shares of Fidelis Insurance during the third quarter worth about $238,000. Intech Investment Management LLC acquired a new position in shares of Fidelis Insurance during the third quarter worth about $269,000. Finally, ClearAlpha Technologies LP acquired a new position in shares of Fidelis Insurance during the third quarter worth about $298,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Stock Performance

FIHL opened at $14.50 on Friday. Fidelis Insurance Holdings Limited has a 52-week low of $13.28 and a 52-week high of $21.32. The firm has a market capitalization of $1.71 billion, a PE ratio of 3.66 and a beta of 0.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The business’s 50-day simple moving average is $16.90 and its 200 day simple moving average is $17.91.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.76%. Fidelis Insurance’s dividend payout ratio is 10.10%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group reduced their price objective on Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods reduced their price objective on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday. Barclays reduced their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday. 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 research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.29.

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.