Prospector Partners LLC Lowers Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Prospector Partners LLC trimmed its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 20.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 461,947 shares of the company’s stock after selling 115,681 shares during the period. Prospector Partners LLC owned 0.39% of Fidelis Insurance worth $8,343,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIHL. Cambridge Trust Co. purchased a new position in shares of Fidelis Insurance in the 1st quarter worth $58,000. California State Teachers Retirement System raised its stake in shares of Fidelis Insurance by 144.4% during the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock valued at $119,000 after acquiring an additional 3,606 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fidelis Insurance in the 2nd quarter worth $140,000. ProShare Advisors LLC bought a new position in shares of Fidelis Insurance during the 1st quarter worth $212,000. Finally, Summit Global Investments purchased a new position in shares of Fidelis Insurance during the third quarter valued at $238,000. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Stock Performance

NYSE FIHL opened at $20.58 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Fidelis Insurance Holdings Limited has a fifty-two week low of $11.55 and a fifty-two week high of $21.32. The stock has a 50-day simple moving average of $18.27 and a two-hundred day simple moving average of $17.55. The firm has a market capitalization of $2.43 billion, a P/E ratio of 5.20 and a beta of -0.01.

Fidelis Insurance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.94%. Fidelis Insurance’s payout ratio is 10.10%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FIHL. 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 price objective for the company. 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 on the stock. Keefe, Bruyette & Woods increased their target price on Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, JMP Securities reissued a “market outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a research report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.69.

Fidelis Insurance 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.