State Street Corp Sells 22,203 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

State Street Corp cut its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 751,346 shares of the company’s stock after selling 22,203 shares during the period. State Street Corp’s holdings in Fidelis Insurance were worth $13,569,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIHL. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fidelis Insurance in the 2nd quarter worth $140,000. Summit Global Investments bought a new position in shares of Fidelis Insurance in the third quarter valued at approximately $238,000. Intech Investment Management LLC purchased a new position in Fidelis Insurance in the third quarter worth $269,000. Caprock Group LLC bought a new position in Fidelis Insurance in the 2nd quarter valued at $265,000. Finally, ClearAlpha Technologies LP purchased a new stake in shares of Fidelis Insurance during the 3rd quarter valued at $298,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

FIHL has been the subject of a number of research analyst reports. 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 for the company. The Goldman Sachs Group initiated coverage on Fidelis Insurance in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 target price on the stock. Finally, Keefe, Bruyette & Woods increased their price target on Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelis Insurance has an average rating of “Moderate Buy” and an average target price of $21.50.

Fidelis Insurance Price Performance

Shares of NYSE:FIHL opened at $17.82 on Thursday. The company has a 50 day moving average of $18.80 and a 200 day moving average of $17.91. 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 market cap of $2.10 billion, a P/E ratio of 4.50 and a beta of 0.29. Fidelis Insurance Holdings Limited has a 12 month low of $11.80 and a 12 month high of $21.32.

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.24%. Fidelis Insurance’s payout ratio is currently 10.10%.

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.