Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Sold by Bailard Inc.

Bailard Inc. decreased its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 25.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 31,000 shares of the company’s stock after selling 10,600 shares during the period. Bailard Inc.’s holdings in Fidelis Insurance were worth $562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. R Squared Ltd acquired a new position in shares of Fidelis Insurance in the 4th quarter valued at $26,000. Venturi Wealth Management LLC increased its position in Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock valued at $111,000 after acquiring an additional 5,831 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Fidelis Insurance during the third quarter worth approximately $195,000. Summit Global Investments acquired a new stake in shares of Fidelis Insurance in the 3rd quarter worth $238,000. Finally, Intech Investment Management LLC acquired a new position in Fidelis Insurance during the 3rd quarter worth approximately $269,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FIHL shares. JPMorgan Chase & Co. reduced their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Barclays lowered their price target on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their price objective on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, UBS Group cut their price target on shares of Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. One research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.29.

Fidelis Insurance Trading Down 3.5 %

Shares of NYSE FIHL opened at $15.27 on Wednesday. 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 $14.17 and a 12 month high of $21.32. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 3.85 and a beta of 0.62. The business has a fifty day simple moving average of $16.52 and a 200-day simple moving average of $17.80.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The business had revenue of $685.90 million during the quarter, compared to analysts’ expectations of $661.52 million. Sell-side analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio is currently 42.55%.

About Fidelis Insurance

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.