109,060 Shares in Fidelis Insurance Holdings Limited $FIHL Bought by Panagora Asset Management Inc.

Panagora Asset Management Inc. acquired a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 109,060 shares of the company’s stock, valued at approximately $1,808,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. North Capital Inc. bought a new stake in shares of Fidelis Insurance in the 2nd quarter worth about $33,000. Ameritas Investment Partners Inc. raised its position in Fidelis Insurance by 15.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock worth $101,000 after purchasing an additional 810 shares during the period. CWM LLC lifted its stake in Fidelis Insurance by 444.4% in the second quarter. CWM LLC now owns 7,131 shares of the company’s stock worth $118,000 after purchasing an additional 5,821 shares during the last quarter. EMC Capital Management bought a new stake in Fidelis Insurance in the second quarter worth about $131,000. Finally, Fiduciary Family Office LLC purchased a new position in shares of Fidelis Insurance during the first quarter valued at approximately $162,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FIHL shares. Barclays increased their price target on Fidelis Insurance from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Evercore ISI increased their target price on Fidelis Insurance from $19.00 to $20.00 and gave the stock an “in-line” rating in a research note on Thursday, November 13th. Zacks Research upgraded Fidelis Insurance from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 11th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelis Insurance from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Finally, UBS Group raised their price target on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Fidelis Insurance currently has a consensus rating of “Hold” and a consensus price target of $21.14.

Fidelis Insurance Trading Down 2.1%

Shares of NYSE FIHL opened at $18.04 on Friday. Fidelis Insurance Holdings Limited has a twelve month low of $14.17 and a twelve month high of $20.44. The firm has a market cap of $2.00 billion, a PE ratio of -360.72 and a beta of 0.25. The business has a fifty day simple moving average of $18.40 and a two-hundred day simple moving average of $17.28. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. The business had revenue of $651.90 million for the quarter, compared to the consensus estimate of $676.79 million. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%. Analysts expect that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. Fidelis Insurance’s payout ratio is currently -1,200.00%.

Fidelis Insurance Company 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.