American Century Companies Inc. Trims Holdings in Fidelis Insurance Holdings Limited $FIHL

American Century Companies Inc. trimmed its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 38.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,222,082 shares of the company’s stock after selling 1,415,510 shares during the period. American Century Companies Inc. owned approximately 2.01% of Fidelis Insurance worth $40,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FIHL. Creative Planning lifted its position in Fidelis Insurance by 379.6% in the 2nd quarter. Creative Planning now owns 68,411 shares of the company’s stock valued at $1,134,000 after acquiring an additional 54,146 shares in the last quarter. JPMorgan Chase & Co. raised its position in Fidelis Insurance by 332.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 937,527 shares of the company’s stock worth $15,544,000 after buying an additional 720,734 shares during the last quarter. Stephens Inc. AR bought a new position in Fidelis Insurance during the 3rd quarter valued at about $3,311,000. Loomis Sayles & Co. L P boosted its holdings in shares of Fidelis Insurance by 12.2% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,303,167 shares of the company’s stock valued at $21,607,000 after acquiring an additional 142,089 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in Fidelis Insurance in the 2nd quarter worth approximately $1,808,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Stock Performance

Shares of Fidelis Insurance stock opened at $18.62 on Friday. The company has a 50 day moving average price of $19.23 and a 200 day moving average price of $18.57. The firm has a market capitalization of $2.06 billion, a P/E ratio of 8.43 and a beta of 0.25. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. Fidelis Insurance Holdings Limited has a 52 week low of $14.39 and a 52 week high of $20.50.

Fidelis Insurance (NYSE:FIHL) last released its earnings results on Wednesday, February 25th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.13. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. The company had revenue of $600.90 million for the quarter, compared to the consensus estimate of $756.14 million. Sell-side analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, March 16th. Fidelis Insurance’s dividend payout ratio is currently 27.15%.

Fidelis Insurance announced that its board has approved a share buyback plan on Friday, February 20th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to repurchase up to 18% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelis Insurance in a research note on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on Fidelis Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. UBS Group upped their price target on Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 price target (up from $19.00) on shares of Fidelis Insurance in a report on Wednesday, January 7th. Finally, Wall Street Zen downgraded Fidelis Insurance from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.21.

Fidelis Insurance Profile

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.