Fidelis Insurance Holdings Limited $FIHL Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 93.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,535 shares of the company’s stock after selling 438,312 shares during the quarter. Russell Investments Group Ltd.’s holdings in Fidelis Insurance were worth $495,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Fidelis Insurance in the first quarter valued at approximately $12,862,000. Fiduciary Family Office LLC acquired a new stake in shares of Fidelis Insurance in the first quarter valued at approximately $162,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fidelis Insurance by 34.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 166,257 shares of the company’s stock valued at $2,693,000 after acquiring an additional 43,038 shares during the period. LSV Asset Management boosted its holdings in shares of Fidelis Insurance by 87.7% in the first quarter. LSV Asset Management now owns 2,529,195 shares of the company’s stock valued at $40,973,000 after acquiring an additional 1,181,439 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of Fidelis Insurance by 34.0% in the first quarter. XTX Topco Ltd now owns 20,469 shares of the company’s stock valued at $332,000 after acquiring an additional 5,193 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FIHL. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelis Insurance from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Citigroup reissued an “outperform” rating on shares of Fidelis Insurance in a research note on Friday, May 16th. JMP Securities boosted their price objective on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a “market outperform” rating in a research note on Friday, May 16th. Zacks Research cut Fidelis Insurance from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 13th. Finally, Barclays increased their price objective on Fidelis Insurance from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Monday, July 7th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.67.

Fidelis Insurance Trading Up 1.1%

Shares of FIHL stock opened at $17.48 on Monday. The firm has a 50-day moving average price of $16.27 and a 200 day moving average price of $16.19. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. Fidelis Insurance Holdings Limited has a twelve month low of $14.17 and a twelve month high of $21.32. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -42.63 and a beta of 0.26.

Fidelis Insurance (NYSE:FIHL) last issued its earnings results on Wednesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.24. Fidelis Insurance had a negative return on equity of 1.81% and a negative net margin of 1.70%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $604.62 million. Research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 16th. This is a positive change from Fidelis Insurance’s previous quarterly dividend of $0.10. Fidelis Insurance’s dividend payout ratio is currently -97.56%.

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.