Interval Partners LP Buys 10,371 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Interval Partners LP boosted its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 7.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,271 shares of the company’s stock after acquiring an additional 10,371 shares during the quarter. Interval Partners LP owned 0.12% of Fidelis Insurance worth $2,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new position in Fidelis Insurance in the first quarter worth about $63,000. Tower Research Capital LLC TRC boosted its holdings in shares of Fidelis Insurance by 2,976.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,675 shares of the company’s stock valued at $110,000 after purchasing an additional 8,393 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Fidelis Insurance by 297.6% in the first quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company’s stock valued at $118,000 after purchasing an additional 4,523 shares during the period. Strategic Advocates LLC purchased a new stake in shares of Fidelis Insurance in the fourth quarter valued at approximately $180,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Fidelis Insurance in the first quarter valued at approximately $212,000. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Stock Performance

Shares of FIHL traded up $0.38 during trading hours on Wednesday, reaching $17.85. 93,219 shares of the company traded hands, compared to its average volume of 613,168. The stock has a market capitalization of $2.10 billion and a P/E ratio of 4.33. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.18. Fidelis Insurance Holdings Limited has a 12-month low of $11.55 and a 12-month high of $20.53. The business has a fifty day moving average price of $16.51 and a 200-day moving average price of $16.60.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). Fidelis Insurance had a net margin of 23.31% and a return on equity of 17.97%. The business had revenue of $520.00 million during the quarter, compared to analysts’ expectations of $585.88 million. Equities analysts anticipate that Fidelis Insurance Holdings Limited will post 3.07 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Friday, June 14th. Fidelis Insurance’s payout ratio is currently 9.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelis Insurance from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. JMP Securities reissued a “market outperform” rating and issued a $24.00 price objective on shares of Fidelis Insurance in a research note on Monday, April 15th. UBS Group reduced their price objective on shares of Fidelis Insurance from $22.50 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, May 14th. Evercore ISI assumed coverage on shares of Fidelis Insurance in a research note on Wednesday, July 17th. They issued an “inline” rating and a $19.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price target on Fidelis Insurance from $18.50 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Fidelis Insurance has a consensus rating of “Moderate Buy” and an average target price of $20.00.

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.