The Manufacturers Life Insurance Company Purchases 770 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

The Manufacturers Life Insurance Company grew its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 18,097 shares of the company’s stock after acquiring an additional 770 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Fidelis Insurance were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of FIHL. California State Teachers Retirement System lifted its holdings in shares of Fidelis Insurance by 144.4% during the 1st quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock valued at $119,000 after buying an additional 3,606 shares during the period. Natixis Advisors LLC bought a new stake in Fidelis Insurance during the second quarter valued at about $1,108,000. Caprock Group LLC bought a new stake in Fidelis Insurance during the second quarter valued at about $265,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelis Insurance during the second quarter valued at about $140,000. Finally, American Century Companies Inc. grew its position in shares of Fidelis Insurance by 62.0% during the second quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock valued at $53,261,000 after purchasing an additional 1,249,853 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on FIHL. The Goldman Sachs Group began coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price target for the company. Keefe, Bruyette & Woods lifted their price target on shares of Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Barclays started coverage on shares of Fidelis Insurance in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price target for the company. Three investment 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Fidelis Insurance Stock Performance

Shares of NYSE:FIHL opened at $19.08 on Monday. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 4.82 and a beta of 0.30. Fidelis Insurance Holdings Limited has a 52 week low of $11.80 and a 52 week high of $21.32. 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 of $18.78 and a 200 day moving average of $17.81.

Fidelis Insurance Dividend Announcement

The firm 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 2.10%. The ex-dividend date is Friday, November 29th. Fidelis Insurance’s dividend payout ratio (DPR) is 10.10%.

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.