Wedge Capital Management L L P NC Buys Shares of 55,580 Fidelis Insurance Holdings Limited (NYSE:FIHL)

Wedge Capital Management L L P NC purchased a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) in the fourth quarter, Holdings Channel reports. The firm purchased 55,580 shares of the company’s stock, valued at approximately $1,008,000.

A number of other institutional investors have also made changes to their positions in FIHL. Y Intercept Hong Kong Ltd bought a new position in shares of Fidelis Insurance in the third quarter worth $195,000. Summit Global Investments purchased a new stake in shares of Fidelis Insurance during the third quarter valued at $238,000. Intech Investment Management LLC purchased a new stake in shares of Fidelis Insurance during the third quarter valued at $269,000. The Manufacturers Life Insurance Company lifted its stake in Fidelis Insurance by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock worth $283,000 after acquiring an additional 649 shares in the last quarter. Finally, ClearAlpha Technologies LP purchased a new stake in Fidelis Insurance in the 3rd quarter worth about $298,000. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FIHL. JPMorgan Chase & Co. dropped their target price on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Barclays lowered their price objective on Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods decreased their target price on Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, The Goldman Sachs Group restated 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. 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.86.

Fidelis Insurance Trading Down 0.5 %

FIHL stock opened at $16.62 on Tuesday. The business has a fifty day moving average price of $18.58 and a 200 day moving average price of $18.04. Fidelis Insurance Holdings Limited has a fifty-two week low of $12.20 and a fifty-two week high of $21.32. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 4.20 and a beta of 0.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Fidelis Insurance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.41%. Fidelis Insurance’s dividend payout ratio is 10.10%.

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.