63,000 Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL) Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. purchased a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 63,000 shares of the company’s stock, valued at approximately $1,142,000. Hussman Strategic Advisors Inc. owned 0.05% of Fidelis Insurance at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Fidelis Insurance in the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC raised its holdings in shares of Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after purchasing an additional 5,831 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Fidelis Insurance during the 3rd quarter valued at $195,000. Summit Global Investments bought a new stake in Fidelis Insurance during the 3rd quarter valued at $238,000. Finally, Intech Investment Management LLC bought a new stake in Fidelis Insurance during the 3rd quarter valued at $269,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Stock Performance

NYSE FIHL opened at $15.37 on Friday. The company has a 50-day simple moving average of $16.99 and a two-hundred day simple moving average of $17.91. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 12-month low of $13.10 and a 12-month high of $21.32. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 3.88 and a beta of 0.48.

Analyst Upgrades and Downgrades

FIHL has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group reissued a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their target price on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Barclays lowered their target price on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.29.

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.