Foundry Partners LLC Invests $5.07 Million in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Foundry Partners LLC purchased a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 280,439 shares of the company’s stock, valued at approximately $5,065,000.

A number of other institutional investors also recently modified their holdings of FIHL. American Century Companies Inc. lifted its position in shares of Fidelis Insurance by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock valued at $53,261,000 after acquiring an additional 1,249,853 shares during the period. Boston Partners raised its holdings in Fidelis Insurance by 213.7% during the first quarter. Boston Partners now owns 714,683 shares of the company’s stock worth $13,922,000 after buying an additional 486,888 shares during the last quarter. Federated Hermes Inc. raised its holdings in Fidelis Insurance by 78.6% during the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock worth $17,593,000 after buying an additional 474,714 shares during the last quarter. Vanguard Group Inc. raised its holdings in Fidelis Insurance by 227.4% during the first quarter. Vanguard Group Inc. now owns 562,570 shares of the company’s stock worth $10,959,000 after buying an additional 390,754 shares during the last quarter. Finally, Ghisallo Capital Management LLC raised its holdings in Fidelis Insurance by 1,038.8% during the second quarter. Ghisallo Capital Management LLC now owns 400,000 shares of the company’s stock worth $6,524,000 after buying an additional 364,875 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Stock Up 3.2 %

Shares of NYSE FIHL opened at $20.53 on Friday. Fidelis Insurance Holdings Limited has a one year low of $11.55 and a one year high of $21.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The firm’s 50 day simple moving average is $18.09 and its two-hundred day simple moving average is $17.53. The stock has a market capitalization of $2.42 billion, a P/E ratio of 5.09 and a beta of -0.01.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Friday, November 29th. Fidelis Insurance’s dividend payout ratio is 10.10%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FIHL shares. JMP Securities restated a “market outperform” rating and set a $24.00 price objective on shares of Fidelis Insurance in a report on Friday, August 16th. 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 target price for the company. The Goldman Sachs Group began coverage on shares of Fidelis Insurance in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 target price for the company. Finally, Keefe, Bruyette & Woods increased their price target on shares of Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Fidelis Insurance presently has a consensus rating of “Hold” and an average price target of $20.69.

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.