Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 35.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 276,177 shares of the company’s stock after purchasing an additional 72,446 shares during the quarter. Sei Investments Co. owned about 0.23% of Fidelis Insurance worth $4,504,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew 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 buying an additional 474,714 shares in the last quarter. American Century Companies Inc. grew its holdings in Fidelis Insurance by 62.0% in the 2nd quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock valued at $53,261,000 after buying an additional 1,249,853 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Fidelis Insurance in the 2nd quarter valued at $140,000. Caprock Group LLC purchased a new stake in Fidelis Insurance in the 2nd quarter valued at $265,000. Finally, Natixis Advisors LLC purchased a new stake in Fidelis Insurance in the 2nd quarter valued at $1,108,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Stock Performance

Shares of Fidelis Insurance stock opened at $18.26 on Wednesday. The business has a 50-day moving average of $17.86 and a 200 day moving average of $17.75. Fidelis Insurance Holdings Limited has a 12 month low of $11.55 and a 12 month high of $20.53. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 4.43 and a beta of -0.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). Fidelis Insurance had a net margin of 20.96% and a return on equity of 15.67%. The firm had revenue of $547.10 million for the quarter, compared to analysts’ expectations of $582.19 million. As a group, sell-side analysts forecast that Fidelis Insurance Holdings Limited will post 2.94 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Monday, September 16th. Fidelis Insurance’s dividend payout ratio is currently 9.71%.

Analyst Ratings Changes

Several analysts have issued reports on FIHL shares. 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 target price for the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a report on Friday, August 16th. Barclays started coverage on Fidelis Insurance in a report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price target for the company. JMP Securities reiterated a “market outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a report on Friday, August 16th. Finally, Evercore ISI started coverage on Fidelis Insurance in a report on Wednesday, July 17th. They set an “inline” rating and a $19.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Fidelis Insurance currently has a consensus rating of “Hold” and an average price target of $19.94.

About Fidelis Insurance

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.