Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 9.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 437,516 shares of the company’s stock after buying an additional 38,015 shares during the quarter. Bank of America Corp DE owned approximately 0.37% of Fidelis Insurance worth $7,932,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Fidelis Insurance during the fourth quarter valued at approximately $26,000. Empowered Funds LLC raised its holdings in Fidelis Insurance by 21.9% during the fourth quarter. Empowered Funds LLC now owns 433,559 shares of the company’s stock valued at $7,860,000 after buying an additional 77,851 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Fidelis Insurance by 5.1% in the fourth quarter. Rhumbline Advisers now owns 76,054 shares of the company’s stock worth $1,379,000 after buying an additional 3,689 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Fidelis Insurance by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 70,149 shares of the company’s stock valued at $1,272,000 after buying an additional 6,786 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Fidelis Insurance by 1,862.9% during the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after purchasing an additional 5,831 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIHL. Citigroup restated an “outperform” rating on shares of Fidelis Insurance in a research note on Friday, May 16th. Keefe, Bruyette & Woods cut their target price on shares of Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Barclays lowered their target price 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 boosted their target price on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, March 7th. One investment 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.14.

Fidelis Insurance Trading Down 0.0%

Shares of NYSE:FIHL opened at $16.42 on Monday. The stock has a market cap of $1.82 billion, a PE ratio of 4.15 and a beta of 0.28. The business has a 50 day moving average of $16.31 and a 200-day moving average of $16.99. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.02. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The business had revenue of $658.40 million during the quarter, compared to analysts’ expectations of $578.57 million. As a group, equities research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be paid a $0.10 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.44%. Fidelis Insurance’s payout ratio is -307.69%.

Fidelis Insurance 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.