Barclays PLC Has $1.23 Million Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Barclays PLC increased its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 306.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,184 shares of the company’s stock after buying an additional 51,419 shares during the quarter. Barclays PLC’s holdings in Fidelis Insurance were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FIHL. Empowered Funds LLC bought a new position in shares of Fidelis Insurance in the third quarter valued at approximately $6,424,000. Principal Financial Group Inc. bought a new position in Fidelis Insurance in the 3rd quarter worth $1,144,000. Interval Partners LP lifted its position in Fidelis Insurance by 75.6% during the 2nd quarter. Interval Partners LP now owns 248,116 shares of the company’s stock worth $4,047,000 after acquiring an additional 106,845 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in Fidelis Insurance during the second quarter valued at about $1,196,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Fidelis Insurance in the third quarter valued at about $732,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. dropped their price target on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday. The Goldman Sachs Group restated a “sell” rating and issued a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Finally, Barclays cut their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.86.

Fidelis Insurance Stock Up 1.9 %

Shares of FIHL stock opened at $16.44 on Tuesday. Fidelis Insurance Holdings Limited has a 52-week low of $12.20 and a 52-week high of $21.32. 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 stock has a market cap of $1.94 billion, a price-to-earnings ratio of 4.15 and a beta of 0.53. The firm’s 50-day moving average is $18.76 and its 200-day moving average is $18.03.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Friday, November 29th. Fidelis Insurance’s dividend payout ratio is 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.