Barclays PLC Boosts Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Barclays PLC boosted its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 306.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,184 shares of the company’s stock after acquiring an additional 51,419 shares during the quarter. Barclays PLC’s holdings in Fidelis Insurance were worth $1,231,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FIHL. Ashton Thomas Private Wealth LLC acquired a new position in shares of Fidelis Insurance during the 2nd quarter worth $140,000. Y Intercept Hong Kong Ltd acquired a new position in Fidelis Insurance during the third quarter worth about $195,000. Summit Global Investments purchased a new position in Fidelis Insurance in the third quarter valued at about $238,000. Intech Investment Management LLC acquired a new stake in shares of Fidelis Insurance during the 3rd quarter valued at approximately $269,000. Finally, Caprock Group LLC acquired a new stake in shares of Fidelis Insurance during the 2nd quarter valued at approximately $265,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Stock Performance

Shares of Fidelis Insurance stock opened at $17.61 on Monday. The firm has a market cap of $2.08 billion, a PE ratio of 4.45 and a beta of 0.30. Fidelis Insurance Holdings Limited has a 1 year low of $11.80 and a 1 year high of $21.32. The firm’s 50-day simple moving average is $18.79 and its 200-day simple moving average is $17.95. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, November 29th. Fidelis Insurance’s dividend payout ratio is presently 10.10%.

Wall Street Analyst Weigh In

FIHL has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group assumed coverage on Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 target price on the stock. Finally, Barclays assumed coverage on Fidelis Insurance in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price target for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Fidelis Insurance currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

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.