Principal Financial Group Inc. Makes New Investment in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Principal Financial Group Inc. bought a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 63,363 shares of the company’s stock, valued at approximately $1,144,000.

Other large investors have also added to or reduced their stakes in the company. Cambridge Trust Co. bought a new position in shares of Fidelis Insurance during the 1st quarter worth approximately $58,000. EntryPoint Capital LLC bought a new position in Fidelis Insurance during the first quarter worth $63,000. California State Teachers Retirement System grew its holdings in Fidelis Insurance by 144.4% in the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock worth $119,000 after purchasing an additional 3,606 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Fidelis Insurance in the second quarter valued at $140,000. Finally, ProShare Advisors LLC acquired a new position in shares of Fidelis Insurance during the first quarter valued at about $212,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on FIHL. JMP Securities restated a “market outperform” rating and set a $24.00 price objective on shares of Fidelis Insurance in a report on Friday, August 16th. The Goldman Sachs Group assumed coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 target price for the company. Keefe, Bruyette & Woods raised their price target on shares of Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, Barclays started coverage on shares of Fidelis Insurance in a report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fidelis Insurance has an average rating of “Hold” and an average price target of $20.69.

Fidelis Insurance Stock Down 0.7 %

Fidelis Insurance stock opened at $20.39 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $18.21 and a 200-day moving average price of $17.56. Fidelis Insurance Holdings Limited has a twelve month low of $11.55 and a twelve month high of $21.32. The company has a market capitalization of $2.40 billion, a P/E ratio of 5.15 and a beta of -0.01.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, November 29th. Fidelis Insurance’s dividend payout ratio is currently 10.10%.

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.