Charles Schwab Investment Management Inc. Acquires 8,992 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Charles Schwab Investment Management Inc. raised its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 7.8% in the 3rd quarter, Holdings Channel reports. The firm owned 124,828 shares of the company’s stock after purchasing an additional 8,992 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Fidelis Insurance were worth $2,254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. California State Teachers Retirement System raised its holdings in shares of Fidelis Insurance by 144.4% in the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock valued at $119,000 after acquiring an additional 3,606 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fidelis Insurance in the second quarter valued at about $140,000. Summit Global Investments bought a new stake in shares of Fidelis Insurance in the third quarter valued at about $238,000. Caprock Group LLC bought a new stake in shares of Fidelis Insurance in the second quarter valued at about $265,000. Finally, Intech Investment Management LLC bought a new stake in shares of Fidelis Insurance in the third quarter valued at about $269,000. 81.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on FIHL shares. Keefe, Bruyette & Woods lifted their price objective on Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Barclays started coverage on Fidelis Insurance in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price objective for the company. Finally, The Goldman Sachs Group started coverage on Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Fidelis Insurance Price Performance

Shares of NYSE FIHL opened at $19.08 on Monday. The business’s 50 day moving average price is $18.78 and its 200 day moving average price is $17.81. The firm has a market cap of $2.25 billion, a P/E ratio of 4.82 and a beta of 0.30. Fidelis Insurance Holdings Limited has a 52 week low of $11.80 and a 52 week high of $21.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 yield of 2.10%. The ex-dividend date of this dividend is Friday, November 29th. Fidelis Insurance’s payout ratio is presently 10.10%.

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.