Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 76.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,644 shares of the company’s stock after selling 51,906 shares during the quarter. Natixis Advisors LLC’s holdings in Fidelis Insurance were worth $284,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its position in shares of Fidelis Insurance by 4.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company’s stock worth $327,000 after buying an additional 770 shares during the last quarter. R Squared Ltd bought a new position in Fidelis Insurance in the fourth quarter worth about $26,000. New York State Common Retirement Fund boosted its stake in 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 valued at $278,000 after acquiring an additional 2,800 shares during the period. Rhumbline Advisers grew its holdings in shares of Fidelis Insurance by 5.1% during the fourth quarter. Rhumbline Advisers now owns 76,054 shares of the company’s stock valued at $1,379,000 after purchasing an additional 3,689 shares during the last quarter. Finally, Venturi Wealth Management LLC raised 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 worth $111,000 after purchasing an additional 5,831 shares during the period. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Price Performance

Shares of NYSE:FIHL opened at $16.21 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $1.81 billion, a P/E ratio of 4.09 and a beta of 0.61. The business has a 50-day moving average of $15.83 and a two-hundred day moving average of $17.41. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The company had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. On average, equities research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.47%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 42.55%.

Analysts Set New Price Targets

FIHL has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on 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 from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Barclays reduced their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, UBS Group increased their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.57.

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.