Royce & Associates LP Trims Stock Position in Fidelis Insurance Holdings Limited $FIHL

Royce & Associates LP lessened its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 25.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,187,213 shares of the company’s stock after selling 404,046 shares during the period. Royce & Associates LP owned approximately 1.07% of Fidelis Insurance worth $23,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. LSV Asset Management raised its holdings in shares of Fidelis Insurance by 46.1% during the fourth quarter. LSV Asset Management now owns 4,377,732 shares of the company’s stock worth $85,672,000 after purchasing an additional 1,382,352 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Fidelis Insurance during the fourth quarter worth $1,094,000. Stephens Inc. AR raised its holdings in shares of Fidelis Insurance by 30.0% during the fourth quarter. Stephens Inc. AR now owns 237,205 shares of the company’s stock worth $4,642,000 after purchasing an additional 54,759 shares during the last quarter. CWM LLC raised its holdings in shares of Fidelis Insurance by 44.1% during the fourth quarter. CWM LLC now owns 21,467 shares of the company’s stock worth $420,000 after purchasing an additional 6,572 shares during the last quarter. Finally, Red Door Wealth Management LLC purchased a new position in shares of Fidelis Insurance during the fourth quarter worth $333,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FIHL shares. Barclays raised their price objective on shares of Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. UBS Group lifted their price objective on shares of Fidelis Insurance from $24.00 to $25.00 and gave the company a “buy” rating in a report on Monday, March 9th. Wall Street Zen cut shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Finally, Weiss Ratings raised shares of Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, March 6th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.92.

Fidelis Insurance Stock Down 1.2%

FIHL opened at $22.79 on Wednesday. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.80 and a fifty-two week high of $21.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. The company has a fifty day moving average of $20.49 and a two-hundred day moving average of $19.58. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 10.31 and a beta of 0.36.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.94 earnings per share for the quarter. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. The company had revenue of $610.60 million during the quarter. On average, research analysts expect that Fidelis Insurance Holdings Limited will post 3.19 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.6%. Fidelis Insurance’s payout ratio is currently 27.15%.

Fidelis Insurance announced that its board has approved a share repurchase program on Friday, February 20th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to reacquire up to 18% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are 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.