American Century Companies Inc. Has $64.85 Million Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

American Century Companies Inc. boosted its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,577,018 shares of the company’s stock after buying an additional 225,952 shares during the quarter. American Century Companies Inc. owned approximately 3.03% of Fidelis Insurance worth $64,851,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of Fidelis Insurance in the fourth quarter worth approximately $26,000. Venturi Wealth Management LLC lifted its position in shares of Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after purchasing an additional 5,831 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Fidelis Insurance in the 3rd quarter valued at $195,000. Intech Investment Management LLC acquired a new stake in shares of Fidelis Insurance during the third quarter worth $269,000. Finally, New York State Common Retirement Fund raised its stake in Fidelis Insurance by 22.4% during the fourth quarter. New York State Common Retirement Fund now owns 15,311 shares of the company’s stock worth $278,000 after buying an additional 2,800 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIHL. UBS Group lifted their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods dropped their price target on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Barclays reduced their price objective 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. The Goldman Sachs Group reiterated a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Fidelis Insurance presently has a consensus rating of “Hold” and a consensus price target of $20.57.

Fidelis Insurance Trading Up 0.1 %

Shares of Fidelis Insurance stock opened at $16.01 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $15.86 and a 200 day simple moving average of $17.44. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The company has a market capitalization of $1.79 billion, a P/E ratio of 4.04 and a beta of 0.61.

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

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio is presently 42.55%.

Fidelis Insurance Company 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.