Venturi Wealth Management LLC Buys 5,831 Shares of 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 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,144 shares of the company’s stock after purchasing an additional 5,831 shares during the quarter. Venturi Wealth Management LLC’s holdings in Fidelis Insurance were worth $111,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP raised its position in Fidelis Insurance by 76.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company’s stock valued at $55,592,000 after purchasing an additional 1,332,896 shares during the last quarter. Loomis Sayles & Co. L P raised its position in Fidelis Insurance by 12.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 655,565 shares of the company’s stock valued at $11,839,000 after purchasing an additional 74,445 shares during the last quarter. Geode Capital Management LLC raised its position in Fidelis Insurance by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company’s stock valued at $11,335,000 after purchasing an additional 44,416 shares during the last quarter. Empowered Funds LLC raised its position in Fidelis Insurance by 21.9% in the 4th quarter. Empowered Funds LLC now owns 433,559 shares of the company’s stock valued at $7,860,000 after purchasing an additional 77,851 shares during the last quarter. Finally, Foundry Partners LLC bought a new position in Fidelis Insurance in the 3rd quarter valued at $5,065,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Stock Down 5.6 %

Shares of Fidelis Insurance stock opened at $14.50 on Friday. 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 $13.28 and a 12 month high of $21.32. The business has a fifty day simple moving average of $16.90 and a 200 day simple moving average of $17.91. The stock has a market cap of $1.71 billion, a PE ratio of 3.66 and a beta of 0.48.

Fidelis Insurance Announces Dividend

The firm also recently announced 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 of this dividend is Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.76%. Fidelis Insurance’s payout ratio is 10.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FIHL shares. Barclays dropped their target price 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 restated a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. UBS Group dropped their target price 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 dropped their target price on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price 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 analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.