Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 2,976.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,675 shares of the company’s stock after purchasing an additional 8,393 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Fidelis Insurance were worth $110,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Amalgamated Bank purchased a new position in shares of Fidelis Insurance in the 3rd quarter worth $26,000. Prospector Partners LLC raised its position in shares of Fidelis Insurance by 0.4% in the 4th quarter. Prospector Partners LLC now owns 564,593 shares of the company’s stock worth $7,153,000 after buying an additional 2,395 shares during the period. UBS Group AG purchased a new position in shares of Fidelis Insurance in the 3rd quarter worth $42,000. California State Teachers Retirement System purchased a new position in shares of Fidelis Insurance in the 3rd quarter worth $49,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Fidelis Insurance in the 3rd quarter worth $53,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on Fidelis Insurance from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. JMP Securities raised their price objective on Fidelis Insurance from $22.00 to $24.00 and gave the company a “market outperform” rating in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. raised their price objective on Fidelis Insurance from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Fidelis Insurance Stock Down 0.3 %

Fidelis Insurance stock traded down $0.05 during mid-day trading on Friday, hitting $19.14. 364,618 shares of the company’s stock were exchanged, compared to its average volume of 882,590. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.26 billion and a P/E ratio of 1.00. Fidelis Insurance Holdings Limited has a 1-year low of $11.55 and a 1-year high of $19.80. The stock has a 50 day moving average of $16.08 and a two-hundred day moving average of $14.28.

Fidelis Insurance (NYSE:FIHL) last released its earnings results on Thursday, February 29th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.41. The business had revenue of $553.70 million during the quarter, compared to analysts’ expectations of $522.52 million. Fidelis Insurance had a net margin of 59.30% and a return on equity of 20.23%. As a group, analysts anticipate that Fidelis Insurance Holdings Limited will post 3.16 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Thursday, March 14th. Fidelis Insurance’s dividend payout ratio is currently 2.10%.

Fidelis Insurance Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products in Bermuda, 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.