American Century Companies Inc. Raises Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

American Century Companies Inc. increased its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 3,577,018 shares of the company’s stock after acquiring an additional 225,952 shares during the period. American Century Companies Inc.’s holdings in Fidelis Insurance were worth $64,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in Fidelis Insurance by 76.4% during the third quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company’s stock worth $55,592,000 after purchasing an additional 1,332,896 shares during the period. NFC Investments LLC purchased a new stake in shares of Fidelis Insurance during the 4th quarter valued at approximately $3,309,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Fidelis Insurance in the 3rd quarter worth approximately $2,068,000. Jackson Creek Investment Advisors LLC purchased a new position in Fidelis Insurance in the 4th quarter valued at approximately $1,469,000. Finally, Empowered Funds LLC grew its stake in Fidelis Insurance by 21.9% in the 4th quarter. Empowered Funds LLC now owns 433,559 shares of the company’s stock valued at $7,860,000 after buying an additional 77,851 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Stock Performance

Shares of FIHL opened at $16.01 on Wednesday. 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 50-day moving average price of $15.86 and a 200-day moving average price of $17.44. The company has a market cap of $1.79 billion, a PE ratio of 4.04 and a beta of 0.61. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32.

Fidelis Insurance (NYSE:FIHL) last released its earnings results on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). The firm had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. As a group, equities analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance’s payout ratio is presently 42.55%.

Wall Street Analyst Weigh In

FIHL has been the subject of a number of analyst reports. Barclays cut their price target on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. UBS Group raised their target price on Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods decreased their price target on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group restated a “sell” rating and issued a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Fidelis Insurance currently has an average rating of “Hold” and a consensus target price of $20.57.

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.