Victory Capital Management Inc. Lowers Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Victory Capital Management Inc. lowered its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 15.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 861,850 shares of the company’s stock after selling 160,940 shares during the quarter. Victory Capital Management Inc. owned 0.73% of Fidelis Insurance worth $15,565,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in Fidelis Insurance by 62.0% during the second quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock valued at $53,261,000 after purchasing an additional 1,249,853 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Fidelis Insurance by 78.6% during the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock valued at $17,593,000 after buying an additional 474,714 shares during the last quarter. Boston Partners raised its position in shares of Fidelis Insurance by 213.7% during the first quarter. Boston Partners now owns 714,683 shares of the company’s stock valued at $13,922,000 after buying an additional 486,888 shares during the last quarter. Prospector Partners LLC raised its position in shares of Fidelis Insurance by 0.6% during the second quarter. Prospector Partners LLC now owns 577,628 shares of the company’s stock valued at $9,421,000 after buying an additional 3,710 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Fidelis Insurance by 227.4% during the first quarter. Vanguard Group Inc. now owns 562,570 shares of the company’s stock valued at $10,959,000 after buying an additional 390,754 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price target on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Barclays assumed coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price target on the stock. Finally, JMP Securities restated a “market outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a research report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fidelis Insurance currently has an average rating of “Hold” and a consensus price target of $20.69.

Fidelis Insurance Stock Up 1.3 %

NYSE:FIHL opened at $19.91 on Wednesday. Fidelis Insurance Holdings Limited has a 1-year low of $11.55 and a 1-year high of $21.32. The company has a 50-day moving average of $18.04 and a 200 day moving average of $17.51. The firm has a market cap of $2.35 billion, a PE ratio of 5.03 and a beta of -0.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, November 29th. Fidelis Insurance’s payout ratio is 10.10%.

Fidelis Insurance 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.