Deutsche Bank AG Purchases 14,975 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Deutsche Bank AG grew its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 52.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,455 shares of the company’s stock after purchasing an additional 14,975 shares during the quarter. Deutsche Bank AG’s holdings in Fidelis Insurance were worth $788,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in shares of Fidelis Insurance during the 4th quarter valued at $3,661,000. Bridgeway Capital Management LLC grew its stake in shares of Fidelis Insurance by 22.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 675,559 shares of the company’s stock valued at $12,248,000 after buying an additional 122,851 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Fidelis Insurance by 2,922.7% in the fourth quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company’s stock worth $28,462,000 after buying an additional 1,517,927 shares during the period. Bank of America Corp DE increased its holdings in shares of Fidelis Insurance by 9.5% in the fourth quarter. Bank of America Corp DE now owns 437,516 shares of the company’s stock worth $7,932,000 after buying an additional 38,015 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of Fidelis Insurance in the 4th quarter valued at about $522,000. 81.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FIHL shares. Barclays reduced their price target on Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. UBS Group raised 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. JMP Securities lifted their target price on shares of Fidelis Insurance from $24.00 to $27.00 and gave the stock a “market outperform” rating in a research note on Friday, May 16th. Citigroup reissued an “outperform” rating on shares of Fidelis Insurance in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.14.

Fidelis Insurance Price Performance

FIHL opened at $16.86 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $1.87 billion, a PE ratio of 4.26 and a beta of 0.28. The stock’s 50 day moving average price is $16.35 and its 200-day moving average price is $16.97. Fidelis Insurance Holdings Limited has a 52-week low of $14.17 and a 52-week high of $21.32.

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

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance’s dividend payout ratio is currently -307.69%.

About Fidelis Insurance

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.