Fidelis Insurance Holdings Limited $FIHL Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 7.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,698 shares of the company’s stock after selling 5,356 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of Fidelis Insurance worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in Fidelis Insurance by 17.5% during the 4th quarter. Jane Street Group LLC now owns 37,269 shares of the company’s stock valued at $676,000 after acquiring an additional 5,548 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Fidelis Insurance by 31.0% in the 4th quarter. Ameriprise Financial Inc. now owns 119,039 shares of the company’s stock valued at $2,158,000 after purchasing an additional 28,152 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Fidelis Insurance during the fourth quarter worth about $522,000. Bank of America Corp DE grew its stake in 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 purchasing an additional 38,015 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in Fidelis Insurance by 52.6% in the fourth quarter. Deutsche Bank AG now owns 43,455 shares of the company’s stock worth $788,000 after purchasing an additional 14,975 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Stock Performance

Shares of FIHL opened at $17.62 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.71. The firm’s 50 day moving average is $16.67 and its 200-day moving average is $16.40. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The stock has a market capitalization of $1.95 billion, a P/E ratio of -42.98 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 for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.24. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $604.62 million. Fidelis Insurance had a negative net margin of 1.70% and a negative return on equity of 1.81%. Equities research analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be issued 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 is Tuesday, September 16th. This is a positive change from Fidelis Insurance’s previous quarterly dividend of $0.10. Fidelis Insurance’s payout ratio is presently -146.34%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays upped their price objective on Fidelis Insurance from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods upped their price target on Fidelis Insurance from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Finally, Zacks Research raised shares of Fidelis Insurance from a “strong sell” rating to a “hold” rating in a report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.67.

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.