3,000 Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL) Purchased by Cambridge Trust Co.

Cambridge Trust Co. bought a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,000 shares of the company’s stock, valued at approximately $58,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIHL. EntryPoint Capital LLC bought a new stake in Fidelis Insurance in the 1st quarter valued at about $63,000. Ameritas Investment Partners Inc. lifted its stake in shares of Fidelis Insurance by 297.6% during the 1st quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company’s stock valued at $118,000 after buying an additional 4,523 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Fidelis Insurance by 144.4% in the 1st quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock worth $119,000 after buying an additional 3,606 shares during the period. Tower Research Capital LLC TRC grew its stake in Fidelis Insurance by 2,976.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,675 shares of the company’s stock valued at $110,000 after buying an additional 8,393 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of Fidelis Insurance during the first quarter worth $212,000. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Trading Down 1.9 %

NYSE FIHL traded down $0.32 during trading on Friday, hitting $16.93. The company had a trading volume of 441,001 shares, compared to its average volume of 459,973. The company’s fifty day moving average is $16.56 and its 200-day moving average is $16.64. Fidelis Insurance Holdings Limited has a one year low of $11.55 and a one year high of $20.53. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 4.11 and a beta of -0.10.

Fidelis Insurance (NYSE:FIHL) last posted its earnings results on Thursday, May 9th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). Fidelis Insurance had a return on equity of 17.97% and a net margin of 23.31%. The firm had revenue of $520.00 million for the quarter, compared to analysts’ expectations of $585.88 million. On average, sell-side analysts predict that Fidelis Insurance Holdings Limited will post 3.07 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, June 14th. Fidelis Insurance’s dividend payout ratio is 9.71%.

Wall Street Analyst Weigh In

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