Jackson Creek Investment Advisors LLC Purchases Shares of 81,025 Fidelis Insurance Holdings Limited (NYSE:FIHL)

Jackson Creek Investment Advisors LLC acquired a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 81,025 shares of the company’s stock, valued at approximately $1,469,000. Jackson Creek Investment Advisors LLC owned about 0.07% of Fidelis Insurance as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. purchased a new stake in Fidelis Insurance during the 3rd quarter valued at about $1,144,000. Empowered Funds LLC purchased a new stake in shares of Fidelis Insurance during the third quarter valued at approximately $6,424,000. Barclays PLC grew its holdings in shares of Fidelis Insurance by 306.7% in the third quarter. Barclays PLC now owns 68,184 shares of the company’s stock worth $1,231,000 after purchasing an additional 51,419 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Fidelis Insurance in the third quarter worth $732,000. Finally, Wedge Capital Management L L P NC bought a new stake in Fidelis Insurance during the 4th quarter valued at $1,008,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FIHL. The Goldman Sachs Group reissued a “sell” rating and issued a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Barclays cut their target price on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. UBS Group lifted their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods decreased their target price on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.57.

Fidelis Insurance Trading Up 2.3 %

NYSE:FIHL opened at $15.04 on Friday. Fidelis Insurance Holdings Limited has a 52 week low of $14.17 and a 52 week high of $21.32. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 3.80 and a beta of 0.62. The company’s 50 day moving average price is $16.30 and its 200-day moving average price is $17.71. 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 (NYSE:FIHL) last posted its earnings results on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). The business had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. On average, equities research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.66%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio is currently 42.55%.

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.