Fidelis Insurance Holdings Limited $FIHL Shares Sold by Empowered Funds LLC

Empowered Funds LLC cut its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 8.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 443,815 shares of the company’s stock after selling 39,430 shares during the quarter. Empowered Funds LLC owned 0.46% of Fidelis Insurance worth $8,481,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FIHL. Focus Partners Wealth purchased a new stake in shares of Fidelis Insurance in the 3rd quarter valued at $77,000. Tower Research Capital LLC TRC raised its holdings in shares of Fidelis Insurance by 58.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after purchasing an additional 2,885 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Fidelis Insurance during the second quarter worth $169,000. Sei Investments Co. acquired a new position in Fidelis Insurance during the first quarter valued at $200,000. Finally, Quadrant Capital Group LLC acquired a new position in Fidelis Insurance during the third quarter valued at $193,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Trading Down 1.6%

Shares of NYSE:FIHL opened at $25.06 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. Fidelis Insurance Holdings Limited has a 12-month low of $14.80 and a 12-month high of $21.50. The business has a 50 day moving average of $23.93 and a two-hundred day moving average of $21.24. The company has a market capitalization of $2.42 billion, a PE ratio of 11.34 and a beta of 0.36.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.94 EPS for the quarter. The business had revenue of $610.60 million for the quarter. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. As a group, analysts forecast that Fidelis Insurance Holdings Limited will post 3.19 EPS for the current year.

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. Fidelis Insurance’s dividend payout ratio is 27.15%.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their price target on Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fidelis Insurance has a consensus rating of “Hold” and an average target price of $21.92.

Fidelis Insurance Profile

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.