LSV Asset Management Purchases 1,382,352 Shares of Fidelis Insurance Holdings Limited $FIHL

LSV Asset Management grew its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 46.1% in the 4th quarter, HoldingsChannel reports. The firm owned 4,377,732 shares of the company’s stock after acquiring an additional 1,382,352 shares during the quarter. LSV Asset Management’s holdings in Fidelis Insurance were worth $85,672,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Focus Partners Wealth bought a new stake in Fidelis Insurance during the third quarter worth about $77,000. Tower Research Capital LLC TRC lifted its stake in 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 bought a new stake in Fidelis Insurance during the second quarter worth about $169,000. Quadrant Capital Group LLC bought a new stake in Fidelis Insurance during the third quarter worth about $193,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Fidelis Insurance during the fourth quarter worth about $226,000. Institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays lifted their price target on Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods lifted their price target on Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Wall Street Zen lowered Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Weiss Ratings raised Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 6th. Finally, UBS Group boosted their target price on Fidelis Insurance from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.92.

Fidelis Insurance Trading Down 1.2%

NYSE FIHL opened at $22.79 on Friday. Fidelis Insurance Holdings Limited has a 1-year low of $14.80 and a 1-year high of $21.50. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $20.33 and a 200-day moving average of $19.50. The firm has a market cap of $2.20 billion, a PE ratio of 10.31 and a beta of 0.36.

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

Fidelis Insurance announced that its board has authorized a share repurchase plan on Friday, February 20th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to buy up to 18% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Fidelis Insurance Dividend Announcement

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

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.