63,000 Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL) Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. purchased a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,000 shares of the company’s stock, valued at approximately $1,142,000.

A number of other institutional investors also recently bought and sold shares of FIHL. Principal Financial Group Inc. bought a new position in shares of Fidelis Insurance during the third quarter valued at approximately $1,144,000. Empowered Funds LLC bought a new position in shares of Fidelis Insurance during the third quarter valued at approximately $6,424,000. Barclays PLC increased its stake in shares of Fidelis Insurance by 306.7% during the third quarter. Barclays PLC now owns 68,184 shares of the company’s stock valued at $1,231,000 after purchasing an additional 51,419 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Fidelis Insurance during the third quarter valued at approximately $732,000. Finally, Wedge Capital Management L L P NC bought a new position in shares of Fidelis Insurance during the fourth quarter valued at approximately $1,008,000. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Trading Down 6.8 %

NYSE:FIHL opened at $15.37 on Friday. The company’s 50 day moving average price is $16.99 and its 200-day moving average price is $17.91. Fidelis Insurance Holdings Limited has a 52 week low of $13.10 and a 52 week high of $21.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 3.88 and a beta of 0.48.

Analysts Set New Price Targets

A number of brokerages have weighed in on FIHL. JPMorgan Chase & Co. decreased their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their target price on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday. 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. Finally, Barclays cut their price target on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.29.

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.