Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Bought by Interval Partners LP

Interval Partners LP lifted its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 7.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 141,271 shares of the company’s stock after buying an additional 10,371 shares during the quarter. Interval Partners LP’s holdings in Fidelis Insurance were worth $2,752,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its stake in Fidelis Insurance by 0.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 15,360,508 shares of the company’s stock valued at $194,618,000 after acquiring an additional 131,657 shares during the last quarter. Pine Brook Road Advisors L.P. acquired a new stake in shares of Fidelis Insurance in the 4th quarter worth about $107,116,000. Victory Capital Management Inc. increased its holdings in shares of Fidelis Insurance by 29.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,392,690 shares of the company’s stock worth $17,645,000 after acquiring an additional 317,510 shares during the period. Russell Investments Group Ltd. increased its stake in Fidelis Insurance by 3.0% during the 1st quarter. Russell Investments Group Ltd. now owns 839,237 shares of the company’s stock valued at $16,348,000 after buying an additional 24,063 shares during the period. Finally, Prospector Partners LLC increased its stake in Fidelis Insurance by 0.4% during the 4th quarter. Prospector Partners LLC now owns 564,593 shares of the company’s stock valued at $7,153,000 after buying an additional 2,395 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Stock Up 2.2 %

Shares of FIHL stock traded up $0.38 during trading on Wednesday, hitting $17.85. 93,219 shares of the company were exchanged, compared to its average volume of 613,168. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $2.10 billion and a price-to-earnings ratio of 4.33. The business’s 50-day simple moving average is $16.51 and its 200 day simple moving average is $16.60. Fidelis Insurance Holdings Limited has a twelve month low of $11.55 and a twelve month high of $20.53.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $520.00 million for the quarter, compared to analyst estimates of $585.88 million. Fidelis Insurance had a return on equity of 17.97% and a net margin of 23.31%. As a group, analysts forecast that Fidelis Insurance Holdings Limited will post 3.07 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Friday, June 14th. Fidelis Insurance’s dividend payout ratio (DPR) is currently 9.71%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $24.00 price objective on shares of Fidelis Insurance in a research report on Monday, April 15th. UBS Group decreased their target price on shares of Fidelis Insurance from $22.50 to $22.00 and set a “buy” rating for the company in a report on Tuesday, May 14th. Keefe, Bruyette & Woods raised their target price on shares of Fidelis Insurance from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Fidelis Insurance from $18.50 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Evercore ISI started coverage on shares of Fidelis Insurance in a report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Fidelis Insurance Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.