Sterling Capital Management LLC Buys 1,448 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Sterling Capital Management LLC increased its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,889 shares of the company’s stock after buying an additional 1,448 shares during the quarter. Sterling Capital Management LLC’s holdings in Fidelis Insurance were worth $433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd bought a new stake in Fidelis Insurance during the fourth quarter worth $26,000. Venturi Wealth Management LLC raised its stake in shares of 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 purchasing an additional 5,831 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Fidelis Insurance in the 3rd quarter worth about $195,000. Fox Run Management L.L.C. bought a new position in Fidelis Insurance during the fourth quarter valued at about $235,000. Finally, New York State Common Retirement Fund increased its holdings in Fidelis Insurance by 22.4% during the fourth 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 owned by hedge funds and other institutional investors.

Fidelis Insurance Stock Up 0.8 %

FIHL stock opened at $16.13 on Friday. The stock has a 50-day simple moving average of $15.58 and a two-hundred day simple moving average of $17.16. Fidelis Insurance Holdings Limited has a twelve month low of $14.17 and a twelve month high of $21.32. The firm has a market capitalization of $1.80 billion, a PE ratio of 4.07 and a beta of 0.28. 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 announced its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) 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 firm had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. On average, equities analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.48%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 42.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Barclays decreased their target price on Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. UBS Group increased their price target on Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods lowered their price objective on Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fidelis Insurance has an average rating of “Hold” and an average target price of $19.71.

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.