Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 77.9% during the 4th quarter, HoldingsChannel.com reports. The fund 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’s holdings in Fidelis Insurance were worth $21,144,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FIHL. Intech Investment Management LLC purchased a new stake in shares of Fidelis Insurance during the 3rd quarter valued at about $269,000. Charles Schwab Investment Management Inc. raised its position in shares of Fidelis Insurance by 7.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 124,828 shares of the company’s stock valued at $2,254,000 after purchasing an additional 8,992 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Fidelis Insurance by 4.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company’s stock valued at $327,000 after buying an additional 770 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Fidelis Insurance during the third quarter worth approximately $2,068,000. Finally, Martingale Asset Management L P increased its stake in shares of Fidelis Insurance by 6.7% in the third quarter. Martingale Asset Management L P now owns 127,593 shares of the company’s stock worth $2,304,000 after buying an additional 7,997 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Fidelis Insurance Stock Down 0.0 %

NYSE:FIHL opened at $16.21 on Friday. The firm has a market capitalization of $1.81 billion, a PE ratio of 4.09 and a beta of 0.61. Fidelis Insurance Holdings Limited has a 52 week low of $14.17 and a 52 week high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $15.83 and a 200-day moving average of $17.41.

Fidelis Insurance (NYSE:FIHL) last issued its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The company had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. Analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.47%. The ex-dividend date was Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio (DPR) is 42.55%.

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.