Loomis Sayles & Co. L P Grows Stock Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Loomis Sayles & Co. L P raised its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 77.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,166,264 shares of the company’s stock after buying an additional 510,699 shares during the period. Loomis Sayles & Co. L P owned approximately 0.99% of Fidelis Insurance worth $21,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIHL. R Squared Ltd purchased a new position in Fidelis Insurance in the 4th quarter valued at approximately $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 buying an additional 5,831 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Fidelis Insurance in the 3rd quarter worth about $195,000. Fox Run Management L.L.C. acquired a new stake in Fidelis Insurance in the 4th quarter valued at about $235,000. Finally, Intech Investment Management LLC purchased a new position in Fidelis Insurance during the 3rd quarter valued at about $269,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIHL has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their target price on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. UBS Group upped their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Barclays dropped their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.57.

Fidelis Insurance Stock Down 0.0 %

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 12 month low of $14.17 and a 12 month high of $21.32. 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 business has a 50-day moving average of $15.83 and a two-hundred day moving average of $17.41.

Fidelis Insurance (NYSE:FIHL) last issued 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). The company had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. On average, research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

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. This represents a $0.40 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Wednesday, March 12th. Fidelis Insurance’s payout ratio is currently 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.