Empowered Funds LLC Acquires 77,851 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Empowered Funds LLC increased its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 21.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 433,559 shares of the company’s stock after acquiring an additional 77,851 shares during the quarter. Empowered Funds LLC’s holdings in Fidelis Insurance were worth $7,860,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Fidelis Insurance by 3.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock worth $283,000 after buying an additional 649 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Fidelis Insurance during the second quarter worth approximately $618,000. Principal Financial Group Inc. bought a new position in shares of Fidelis Insurance in the 3rd quarter worth $1,144,000. Summit Global Investments acquired a new stake in Fidelis Insurance in the 3rd quarter valued at $238,000. Finally, Intech Investment Management LLC bought a new stake in Fidelis Insurance during the 3rd quarter valued at $269,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Price Performance

Fidelis Insurance stock opened at $16.66 on Tuesday. Fidelis Insurance Holdings Limited has a 52 week low of $12.90 and a 52 week high of $21.32. The company’s 50 day moving average price is $17.61 and its two-hundred day moving average price is $17.98. The stock has a market cap of $1.96 billion, a P/E ratio of 4.21 and a beta of 0.48. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FIHL shares. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their price target on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. decreased their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Barclays dropped their target price on Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Fidelis Insurance has a consensus rating of “Hold” and an average target price of $20.86.

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.