Healthcare of Ontario Pension Plan Trust Fund Invests $2.07 Million in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 114,500 shares of the company’s stock, valued at approximately $2,068,000.

A number of other hedge funds also recently bought and sold shares of the business. American Century Companies Inc. boosted its position in shares of Fidelis Insurance by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock valued at $53,261,000 after acquiring an additional 1,249,853 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Fidelis Insurance by 78.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock valued at $17,593,000 after purchasing an additional 474,714 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Fidelis Insurance by 227.4% in the 1st 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 period. Ghisallo Capital Management LLC increased its holdings in shares of Fidelis Insurance by 1,038.8% during the 2nd quarter. Ghisallo Capital Management LLC now owns 400,000 shares of the company’s stock worth $6,524,000 after buying an additional 364,875 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Fidelis Insurance during the 3rd quarter valued at approximately $6,424,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

FIHL has been the subject of several analyst reports. The Goldman Sachs Group started coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective for the company. JMP Securities reissued a “market outperform” rating and set a $24.00 price objective on shares of Fidelis Insurance in a research report on Friday, August 16th. Keefe, Bruyette & Woods upped their target price on shares of Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, Barclays began coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price target for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Fidelis Insurance Stock Performance

NYSE FIHL opened at $20.53 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $2.42 billion, a P/E ratio of 5.18 and a beta of -0.01. The stock has a 50-day moving average of $18.48 and a two-hundred day moving average of $17.62. Fidelis Insurance Holdings Limited has a 1-year low of $11.80 and a 1-year high of $21.32.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, November 29th. Fidelis Insurance’s dividend payout ratio (DPR) is currently 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.