Citizens Financial Group Inc. RI Invests $729,000 in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Citizens Financial Group Inc. RI bought a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL) in the fourth quarter, Holdings Channel reports. The institutional investor bought 40,210 shares of the company’s stock, valued at approximately $729,000.

A number of other hedge funds also recently bought and sold shares of FIHL. Principal Financial Group Inc. bought a new stake in Fidelis Insurance in the 3rd quarter worth approximately $1,144,000. Empowered Funds LLC bought a new stake in Fidelis Insurance in the 3rd quarter worth approximately $6,424,000. Intech Investment Management LLC bought a new stake in Fidelis Insurance in the 3rd quarter worth approximately $269,000. Foundry Partners LLC bought a new stake in Fidelis Insurance in the 3rd quarter worth approximately $5,065,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Fidelis Insurance by 7.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 124,828 shares of the company’s stock worth $2,254,000 after buying an additional 8,992 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FIHL shares. JPMorgan Chase & Co. dropped their target price 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. Keefe, Bruyette & Woods lowered their price objective on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Barclays lowered their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 20th. UBS Group boosted their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Fidelis Insurance presently has an average rating of “Hold” and an average target price of $20.57.

Fidelis Insurance Price Performance

FIHL opened at $14.64 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. 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 capitalization of $1.73 billion, a PE ratio of 3.70 and a beta of 0.61. The stock’s 50 day moving average price is $16.10 and its 200-day moving average price is $17.63.

Fidelis Insurance (NYSE:FIHL) last posted its earnings results 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 net margin of 20.17% and a return on equity of 15.27%. The business had revenue of $685.90 million for the quarter, compared to analysts’ expectations of $661.52 million. On average, equities research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.73%. Fidelis Insurance’s payout ratio is 42.55%.

Fidelis Insurance 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.