Stephens Inc. AR Buys 54,759 Shares of Fidelis Insurance Holdings Limited $FIHL

Stephens Inc. AR grew its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 30.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 237,205 shares of the company’s stock after purchasing an additional 54,759 shares during the period. Stephens Inc. AR’s holdings in Fidelis Insurance were worth $4,642,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Cooperman Leon G boosted its stake in Fidelis Insurance by 14.8% during the third quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock worth $120,924,000 after acquiring an additional 856,413 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Fidelis Insurance by 16.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,623,506 shares of the company’s stock worth $47,612,000 after acquiring an additional 367,538 shares in the last quarter. Royce & Associates LP boosted its stake in Fidelis Insurance by 2,333.5% during the third quarter. Royce & Associates LP now owns 1,591,259 shares of the company’s stock worth $28,881,000 after acquiring an additional 1,525,868 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Fidelis Insurance by 24.3% during the third quarter. Balyasny Asset Management L.P. now owns 960,663 shares of the company’s stock worth $17,436,000 after acquiring an additional 187,899 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Fidelis Insurance by 113.9% during the third quarter. Millennium Management LLC now owns 924,380 shares of the company’s stock worth $16,777,000 after acquiring an additional 492,253 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Down 1.3%

Shares of NYSE FIHL opened at $23.16 on Monday. The firm’s 50 day moving average price is $19.88 and its 200-day moving average price is $19.32. The company has a market cap of $2.24 billion, a PE ratio of 10.48 and a beta of 0.36. Fidelis Insurance Holdings Limited has a 52-week low of $14.80 and a 52-week high of $21.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.94 earnings per share for the quarter. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. The firm had revenue of $610.60 million during the quarter. On average, equities research analysts expect that Fidelis Insurance Holdings Limited will post 3.19 EPS for the current fiscal year.

Fidelis Insurance declared that its board has authorized a stock repurchase plan on Friday, February 20th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to repurchase up to 18% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Fidelis Insurance’s payout ratio is presently 27.15%.

Analyst Ratings Changes

FIHL has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. UBS Group boosted their price objective on shares of Fidelis Insurance from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Wall Street Zen lowered shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Barclays boosted their price objective on shares of Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings raised shares of Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 6th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.92.

Fidelis Insurance Company 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.