Foundry Partners LLC Acquires Shares of 280,439 Fidelis Insurance Holdings Limited (NYSE:FIHL)

Foundry Partners LLC bought a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 280,439 shares of the company’s stock, valued at approximately $5,065,000. Foundry Partners LLC owned 0.24% of Fidelis Insurance as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Fidelis Insurance by 3.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock valued at $283,000 after buying an additional 649 shares in the last quarter. Cambridge Trust Co. acquired a new position in shares of Fidelis Insurance in the first quarter valued at about $58,000. EntryPoint Capital LLC purchased a new stake in shares of Fidelis Insurance in the first quarter worth about $63,000. California State Teachers Retirement System raised its holdings 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 during the last quarter. Finally, Prospector Partners LLC increased its holdings in shares of Fidelis Insurance by 0.6% in the second quarter. Prospector Partners LLC now owns 577,628 shares of the company’s stock valued at $9,421,000 after purchasing an additional 3,710 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FIHL has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised 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. JMP Securities reiterated a “market outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a report on Friday, August 16th. The Goldman Sachs Group assumed coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective for the company. Finally, Barclays assumed coverage on shares of Fidelis Insurance in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.69.

Fidelis Insurance Price Performance

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 company’s 50 day simple moving average is $18.09 and its 200-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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.95%. Fidelis Insurance’s dividend payout ratio (DPR) 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.