JPMorgan Chase & Co. Has $2.74 Million Stock Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

JPMorgan Chase & Co. raised its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 33.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 151,156 shares of the company’s stock after purchasing an additional 37,544 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.13% of Fidelis Insurance worth $2,740,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of Fidelis Insurance during the 3rd quarter valued at about $1,144,000. Barclays PLC boosted its holdings in shares of Fidelis Insurance by 306.7% during the 3rd quarter. Barclays PLC now owns 68,184 shares of the company’s stock worth $1,231,000 after buying an additional 51,419 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Fidelis Insurance during the 4th quarter worth approximately $1,008,000. Kendall Capital Management increased its stake in Fidelis Insurance by 128.3% in the fourth quarter. Kendall Capital Management now owns 45,460 shares of the company’s stock valued at $824,000 after purchasing an additional 25,545 shares in the last quarter. Finally, Geode Capital Management LLC increased 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 buying an additional 44,416 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FIHL. JPMorgan Chase & Co. reduced their price objective on Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group restated a “sell” rating and set a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Barclays reduced their price objective on shares of Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. Finally, UBS Group upped their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.71.

Fidelis Insurance Stock Performance

Shares of FIHL stock opened at $16.45 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a 50-day moving average of $15.56 and a 200-day moving average of $17.13. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The company has a market cap of $1.84 billion, a P/E ratio of 4.15 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data 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 firm had revenue of $685.90 million during the quarter, compared to analysts’ expectations of $661.52 million. Equities research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.43%. Fidelis Insurance’s dividend payout ratio is currently 42.55%.

Fidelis Insurance Company Profile

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.