Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,240,681 shares of the company’s stock after purchasing an additional 162,524 shares during the quarter. Wellington Management Group LLP owned 2.75% of Fidelis Insurance worth $58,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. acquired a new stake in Fidelis Insurance during the 3rd quarter valued at $1,144,000. Barclays PLC grew its stake in shares of Fidelis Insurance by 306.7% during the third quarter. Barclays PLC now owns 68,184 shares of the company’s stock valued at $1,231,000 after acquiring an additional 51,419 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Fidelis Insurance during the third quarter valued at about $732,000. Wedge Capital Management L L P NC purchased a new stake in shares of Fidelis Insurance during the fourth quarter worth about $1,008,000. Finally, Kendall Capital Management lifted its stake in shares of Fidelis Insurance by 128.3% in the fourth quarter. Kendall Capital Management now owns 45,460 shares of the company’s stock worth $824,000 after acquiring an additional 25,545 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Down 5.4 %

NYSE FIHL opened at $15.53 on Friday. The firm has a market capitalization of $1.74 billion, a PE ratio of 3.92 and a beta of 0.28. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The company has a 50-day simple moving average of $15.81 and a 200-day simple moving average of $17.36. 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 (NYSE:FIHL) last posted its earnings results on Tuesday, February 25th. The company reported ($1.05) EPS 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 company had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. On average, equities analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio (DPR) is 42.55%.

Analysts Set New Price Targets

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

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.