JPMorgan Chase & Co. Has $8.97 Million Stock Position in Fidelis Insurance Holdings Limited $FIHL

JPMorgan Chase & Co. lessened its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 47.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 494,148 shares of the company’s stock after selling 443,379 shares during the quarter. JPMorgan Chase & Co. owned 0.45% of Fidelis Insurance worth $8,969,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Focus Partners Wealth acquired a new position in shares of Fidelis Insurance during the 3rd quarter worth $77,000. Ameritas Investment Partners Inc. boosted its stake in Fidelis Insurance by 15.3% in the second quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock valued at $101,000 after buying an additional 810 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Fidelis Insurance by 58.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock valued at $129,000 after acquiring an additional 2,885 shares during the last quarter. First Trust Advisors LP bought a new position in Fidelis Insurance in the second quarter valued at about $169,000. Finally, Quadrant Capital Group LLC acquired a new position in Fidelis Insurance during the third quarter worth about $193,000. Institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FIHL. Evercore set a $21.00 price target on shares of Fidelis Insurance in a research note on Wednesday, January 7th. UBS Group upped their price objective on shares of Fidelis Insurance from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. The Goldman Sachs Group set a $17.50 price objective on shares of Fidelis Insurance in a research note on Saturday, January 17th. Keefe, Bruyette & Woods raised their target price on shares of Fidelis Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings raised shares of Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 6th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.36.

Fidelis Insurance Stock Performance

NYSE:FIHL opened at $18.78 on Monday. The stock’s 50-day moving average is $19.15 and its 200-day moving average is $18.75. Fidelis Insurance Holdings Limited has a 1-year low of $14.67 and a 1-year high of $20.50. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.82 billion, a P/E ratio of 8.50 and a beta of 0.25.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.13. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. The business had revenue of $600.90 million during the quarter, compared to analyst estimates of $756.14 million. Equities research analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 16th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, March 16th. Fidelis Insurance’s payout ratio is 27.15%.

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

About Fidelis Insurance

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.