Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 20.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 815,174 shares of the company’s stock after buying an additional 138,295 shares during the period. Russell Investments Group Ltd. owned about 0.69% of Fidelis Insurance worth $10,328,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Amalgamated Bank acquired a new position in shares of Fidelis Insurance during the third quarter valued at $26,000. New York State Common Retirement Fund bought a new position in Fidelis Insurance in the 3rd quarter worth about $53,000. Toronto Dominion Bank bought a new position in Fidelis Insurance in the 3rd quarter worth about $73,000. Quantbot Technologies LP acquired a new stake in shares of Fidelis Insurance in the third quarter valued at approximately $113,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Fidelis Insurance during the third quarter valued at approximately $156,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Price Performance

Shares of NYSE FIHL opened at $18.69 on Monday. Fidelis Insurance Holdings Limited has a twelve month low of $11.55 and a twelve month high of $20.53. 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 firm has a 50-day moving average of $18.42 and a two-hundred day moving average of $14.90. The company has a market capitalization of $2.20 billion and a price-to-earnings ratio of 0.98.

Fidelis Insurance (NYSE:FIHL) last released its earnings results on Thursday, February 29th. The company reported $1.15 EPS 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 analyst estimates 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 expect that Fidelis Insurance Holdings Limited will post 3.24 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently announced 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 2.14%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelis Insurance’s payout ratio is 2.10%.

Wall Street Analyst Weigh In

Several research firms recently commented on FIHL. JMP Securities restated a “market outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a research report on Monday, April 15th. Keefe, Bruyette & Woods raised their price target on Fidelis Insurance from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Fidelis Insurance from $17.00 to $17.50 and gave the stock a “neutral” rating in a report on Monday, April 8th. 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.44.

Fidelis Insurance Profile

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