Russell Investments Group Ltd. Has $10.33 Million Stock Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Russell Investments Group Ltd. increased its position in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 815,174 shares of the company’s stock after purchasing an additional 138,295 shares during the quarter. Russell Investments Group Ltd.’s holdings in Fidelis Insurance were worth $10,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new stake in shares of Fidelis Insurance during the 3rd quarter worth approximately $26,000. New York State Common Retirement Fund acquired a new stake in Fidelis Insurance during the 3rd quarter worth $53,000. Toronto Dominion Bank bought a new stake in shares of Fidelis Insurance during the 3rd quarter valued at $73,000. Quantbot Technologies LP acquired a new position in shares of Fidelis Insurance in the 3rd quarter valued at $113,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of Fidelis Insurance in the 3rd quarter worth $156,000. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Price Performance

NYSE FIHL opened at $18.69 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $2.20 billion and a price-to-earnings ratio of 0.98. The business has a 50 day simple moving average of $18.42 and a 200 day simple moving average of $14.90. Fidelis Insurance Holdings Limited has a 52-week low of $11.55 and a 52-week high of $20.53.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.41. The company had revenue of $553.70 million during the quarter, compared to the consensus estimate of $522.52 million. Fidelis Insurance had a net margin of 59.30% and a return on equity of 20.23%. Analysts anticipate that Fidelis Insurance Holdings Limited will post 3.24 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.14%. Fidelis Insurance’s dividend payout ratio (DPR) is 2.10%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FIHL. JPMorgan Chase & Co. upped their price objective on Fidelis Insurance from $17.00 to $17.50 and gave the company a “neutral” rating in a report on Monday, April 8th. JMP Securities reiterated a “market outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a research report on Monday, April 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Fidelis Insurance from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.44.

Fidelis Insurance Company 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.