Charles Schwab Investment Management Inc. Sells 1,609 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,219 shares of the company’s stock after selling 1,609 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Fidelis Insurance were worth $2,234,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FIHL. R Squared Ltd bought a new position in Fidelis Insurance during the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC lifted its position 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 valued at $111,000 after buying an additional 5,831 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Fidelis Insurance in the 3rd quarter worth $195,000. Intech Investment Management LLC bought a new position in Fidelis Insurance in the 3rd quarter worth approximately $269,000. Finally, New York State Common Retirement Fund lifted its position in shares of Fidelis Insurance by 22.4% in 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 in the last quarter. Institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FIHL. UBS Group boosted their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Barclays cut their price objective 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, February 20th. JPMorgan Chase & Co. reduced 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. 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 report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods reduced their price target on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Fidelis Insurance presently has an average rating of “Hold” and a consensus price target of $20.57.

Fidelis Insurance Stock Down 0.0 %

Shares of FIHL opened at $16.21 on Friday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 4.09 and a beta of 0.61. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The stock has a 50 day moving average price of $15.83 and a 200 day moving average price of $17.41. 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 (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 business had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. Equities research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio is presently 42.55%.

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.