NFC Investments LLC Buys New Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL)

NFC Investments LLC bought a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 182,500 shares of the company’s stock, valued at approximately $3,309,000. Fidelis Insurance accounts for 0.9% of NFC Investments LLC’s investment portfolio, making the stock its 23rd largest holding. NFC Investments LLC owned about 0.15% of Fidelis Insurance at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in Fidelis Insurance during the 4th quarter worth about $26,000. Venturi Wealth Management LLC lifted its holdings in Fidelis Insurance by 1,862.9% during the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after buying an additional 5,831 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Fidelis Insurance during the 3rd quarter worth about $195,000. Intech Investment Management LLC purchased a new stake in Fidelis Insurance during the 3rd quarter worth about $269,000. Finally, New York State Common Retirement Fund lifted its holdings in Fidelis Insurance by 22.4% during the 4th quarter. New York State Common Retirement Fund now owns 15,311 shares of the company’s stock worth $278,000 after buying an additional 2,800 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FIHL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. UBS Group lifted their price target on Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, March 7th. 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 report on Thursday, February 20th. The Goldman Sachs Group reiterated a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods cut their target price on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. One 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 MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.57.

Fidelis Insurance Stock Performance

Shares of FIHL stock opened at $15.11 on Monday. The stock has a market capitalization of $1.69 billion, a PE ratio of 3.82 and a beta of 0.61. Fidelis Insurance Holdings Limited has a 52-week low of $14.17 and a 52-week high of $21.32. The stock’s 50-day moving average price is $15.99 and its 200 day moving average price is $17.57. 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 issued its quarterly 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). The company had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. As a group, equities research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.65%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio (DPR) is presently 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.