Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,023 shares of the company’s stock after buying an additional 24,823 shares during the period. Northern Trust Corp owned approximately 0.29% of Fidelis Insurance worth $6,165,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FIHL. Wedge Capital Management L L P NC bought a new position in Fidelis Insurance during the 4th quarter worth approximately $1,008,000. R Squared Ltd bought a new stake in shares of Fidelis Insurance in the 4th quarter worth $26,000. Empowered Funds LLC raised its stake in shares of Fidelis Insurance by 21.9% in the 4th quarter. Empowered Funds LLC now owns 433,559 shares of the company’s stock worth $7,860,000 after buying an additional 77,851 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Fidelis Insurance by 5.1% in the 4th quarter. Rhumbline Advisers now owns 76,054 shares of the company’s stock worth $1,379,000 after acquiring an additional 3,689 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Fidelis Insurance by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 70,149 shares of the company’s stock worth $1,272,000 after acquiring an additional 6,786 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Up 0.6%

FIHL stock opened at $17.67 on Tuesday. Fidelis Insurance Holdings Limited has a 1-year low of $14.17 and a 1-year high of $21.32. The firm has a market cap of $1.96 billion, a P/E ratio of 4.46 and a beta of 0.28. The business’s 50 day moving average is $16.17 and its 200-day moving average is $17.01. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.02. The business had revenue of $658.40 million for the quarter, compared to analyst estimates of $578.57 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. Equities analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be given a $0.10 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.26%. Fidelis Insurance’s payout ratio is -307.69%.

Analysts Set New Price Targets

FIHL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Citigroup reaffirmed an “outperform” rating on shares of Fidelis Insurance in a research report on Friday. Keefe, Bruyette & Woods cut their price objective on Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. JMP Securities boosted their price objective on Fidelis Insurance from $24.00 to $27.00 and gave the stock a “market outperform” rating in a research report on Friday. Finally, UBS Group boosted their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Fidelis Insurance currently has a consensus rating of “Hold” and an average price target of $20.14.

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.