Knights of Columbus Asset Advisors LLC Purchases New Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 72,713 shares of the company’s stock, valued at approximately $1,318,000. Knights of Columbus Asset Advisors LLC owned approximately 0.06% of Fidelis Insurance at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FIHL. Wellington Management Group LLP raised its position in shares of Fidelis Insurance by 76.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company’s stock valued at $55,592,000 after acquiring an additional 1,332,896 shares in the last quarter. American Century Companies Inc. raised its position in shares of Fidelis Insurance by 6.7% during the 4th quarter. American Century Companies Inc. now owns 3,577,018 shares of the company’s stock valued at $64,851,000 after acquiring an additional 225,952 shares in the last quarter. NFC Investments LLC acquired a new stake in shares of Fidelis Insurance during the 4th quarter valued at approximately $3,309,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Fidelis Insurance during the 3rd quarter worth $2,068,000. Finally, Jackson Creek Investment Advisors LLC bought a new position in Fidelis Insurance during the 4th quarter worth $1,469,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on FIHL shares. The Goldman Sachs Group restated a “sell” rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Barclays lowered their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price objective on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, UBS Group upped their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.57.

Fidelis Insurance Trading Down 0.4 %

Shares of FIHL stock opened at $15.59 on Friday. The stock has a 50-day simple moving average of $15.88 and a 200 day simple moving average of $17.48. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The stock has a market capitalization of $1.74 billion, a P/E ratio of 3.94 and a beta of 0.61. 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 (NYSE:FIHL) last announced its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. On average, sell-side analysts expect that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio is 42.55%.

About Fidelis Insurance

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.