Fidelis Insurance Holdings Limited (NYSE:FIHL) Stock Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 342.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,471 shares of the company’s stock after buying an additional 56,857 shares during the period. SG Americas Securities LLC owned about 0.07% of Fidelis Insurance worth $1,190,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FIHL. GAMMA Investing LLC lifted its holdings in Fidelis Insurance by 1,267.3% during the 1st quarter. GAMMA Investing LLC now owns 4,471 shares of the company’s stock worth $72,000 after buying an additional 4,144 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Fidelis Insurance by 1,862.9% in 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 last quarter. Fox Run Management L.L.C. bought a new stake in shares of Fidelis Insurance in the 4th quarter worth approximately $235,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Fidelis Insurance in the 4th quarter worth approximately $247,000. Finally, ProShare Advisors LLC bought a new stake in Fidelis Insurance during the 4th quarter valued at $262,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Price Performance

Shares of NYSE:FIHL opened at $16.70 on Tuesday. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The business has a 50-day moving average of $16.71 and a two-hundred day moving average of $16.68. The stock has a market capitalization of $1.85 billion, a P/E ratio of 4.22 and a beta of 0.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data 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%. On average, equities research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, June 16th. This represents a $0.40 annualized dividend and a yield of 2.39%. Fidelis Insurance’s dividend payout ratio is -307.69%.

Wall Street Analysts Forecast Growth

FIHL has been the topic of several recent analyst reports. UBS Group lifted 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. Citigroup restated an “outperform” rating on shares of Fidelis Insurance in a report on Friday, May 16th. Keefe, Bruyette & Woods decreased their target price on Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Barclays decreased their target price on Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Finally, JMP Securities raised their target price on Fidelis Insurance from $24.00 to $27.00 and gave the stock a “market outperform” rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Fidelis Insurance has a consensus rating of “Hold” and an average target price 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.