Segall Bryant & Hamill LLC Takes $1.57 Million Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Segall Bryant & Hamill LLC acquired a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 86,496 shares of the company’s stock, valued at approximately $1,568,000. Segall Bryant & Hamill LLC owned approximately 0.07% of Fidelis Insurance as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of Fidelis Insurance in the fourth quarter worth $26,000. Venturi Wealth Management LLC grew its position in Fidelis Insurance by 1,862.9% during the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after buying an additional 5,831 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Fidelis Insurance in the 3rd quarter worth about $195,000. Fox Run Management L.L.C. purchased a new stake in shares of Fidelis Insurance in the 4th quarter valued at about $235,000. Finally, Intech Investment Management LLC bought a new stake in shares of Fidelis Insurance during the 3rd quarter valued at about $269,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FIHL. JPMorgan Chase & Co. decreased their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group restated a “sell” rating and set a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Barclays cut their target price on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 20th. Keefe, Bruyette & Woods lowered their price target on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report 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 report 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.57.

Fidelis Insurance Stock Performance

NYSE FIHL opened at $16.21 on Friday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 4.09 and a beta of 0.61. The company has a 50-day simple moving average of $15.83 and a two-hundred day simple moving average of $17.41. 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 Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The company had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. On average, equities analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.47%. Fidelis Insurance’s dividend payout ratio is currently 42.55%.

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.