Loomis Sayles & Co. L P Boosts Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Loomis Sayles & Co. L P raised its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 655,565 shares of the company’s stock after acquiring an additional 74,445 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Fidelis Insurance were worth $11,839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FIHL. The Manufacturers Life Insurance Company grew its stake in Fidelis Insurance by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock valued at $283,000 after purchasing an additional 649 shares during the last quarter. Cambridge Trust Co. purchased a new position in shares of Fidelis Insurance in the 1st quarter worth approximately $58,000. California State Teachers Retirement System raised its stake in shares of Fidelis Insurance by 144.4% during the 1st quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock worth $119,000 after acquiring an additional 3,606 shares in the last quarter. Prospector Partners LLC lifted its position in Fidelis Insurance by 0.6% during the second quarter. Prospector Partners LLC now owns 577,628 shares of the company’s stock valued at $9,421,000 after acquiring an additional 3,710 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Fidelis Insurance in the second quarter valued at approximately $140,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FIHL shares. Keefe, Bruyette & Woods upped their price target on Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. 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 price target for the company. Barclays assumed coverage on Fidelis Insurance in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price target on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price objective on shares of Fidelis Insurance in a research report on Friday, August 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Fidelis Insurance currently has a consensus rating of “Hold” and an average target price of $20.69.

Fidelis Insurance Price Performance

Shares of NYSE FIHL opened at $20.58 on Wednesday. Fidelis Insurance Holdings Limited has a 52 week low of $11.55 and a 52 week high of $21.32. The business’s 50 day moving average price is $18.27 and its 200 day moving average price is $17.55. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market cap 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 disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.94%. Fidelis Insurance’s payout ratio is currently 10.10%.

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.