Intech Investment Management LLC Invests $269,000 in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Intech Investment Management LLC acquired a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,891 shares of the company’s stock, valued at approximately $269,000.

Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Fidelis Insurance by 3.9% during the second 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 last quarter. California State Teachers Retirement System raised its stake in Fidelis Insurance by 144.4% during the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock worth $119,000 after acquiring an additional 3,606 shares in the last quarter. Prospector Partners LLC increased its position in shares of Fidelis Insurance by 0.6% during the 2nd quarter. Prospector Partners LLC now owns 577,628 shares of the company’s stock worth $9,421,000 after purchasing an additional 3,710 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Fidelis Insurance in the second quarter valued at about $140,000. Finally, Summit Global Investments bought a new stake in Fidelis Insurance during the 3rd quarter worth approximately $238,000. Institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FIHL. The Goldman Sachs Group started coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price target on the stock. JMP Securities reiterated a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a report on Friday, August 16th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Barclays began coverage on shares of Fidelis Insurance in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Fidelis Insurance Stock Performance

NYSE FIHL opened at $20.07 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a 50-day moving average of $18.63 and a 200-day moving average of $17.68. Fidelis Insurance Holdings Limited has a 52-week low of $11.80 and a 52-week high of $21.32. The stock has a market cap of $2.37 billion, a PE ratio of 5.07 and a beta of 0.30.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.99%. 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.