Fox Run Management L.L.C. Purchases New Shares in Fidelis Insurance Holdings Limited $FIHL

Fox Run Management L.L.C. purchased a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 45,059 shares of the company’s stock, valued at approximately $882,000.

Several other institutional investors have also added to or reduced their stakes in FIHL. Focus Partners Wealth bought a new stake in Fidelis Insurance in the 3rd quarter valued at $77,000. Tower Research Capital LLC TRC boosted its stake in Fidelis Insurance by 58.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock valued at $129,000 after purchasing an additional 2,885 shares during the period. First Trust Advisors LP bought a new stake in Fidelis Insurance in the 2nd quarter valued at $169,000. Quadrant Capital Group LLC bought a new stake in Fidelis Insurance in the 3rd quarter valued at $193,000. Finally, State of Wyoming bought a new stake in Fidelis Insurance in the 4th quarter valued at $214,000. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Price Performance

Shares of FIHL stock opened at $22.61 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. Fidelis Insurance Holdings Limited has a twelve month low of $14.80 and a twelve month high of $21.50. The company has a market cap of $2.19 billion, a P/E ratio of 10.23 and a beta of 0.36. The business has a fifty day simple moving average of $21.13 and a 200 day simple moving average of $19.81.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.94 earnings per share for the quarter. Fidelis Insurance had a return on equity of 8.62% and a net margin of 9.02%.The business had revenue of $610.60 million during the quarter. On average, sell-side analysts forecast that Fidelis Insurance Holdings Limited will post 3.19 EPS for the current fiscal year.

Fidelis Insurance declared that its Board of Directors has initiated a share repurchase program on Friday, February 20th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to reacquire up to 18% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Fidelis Insurance’s dividend payout ratio is presently 27.15%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FIHL. UBS Group boosted their price target on Fidelis Insurance from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Weiss Ratings upgraded Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, March 6th. Barclays upped their target price on Fidelis Insurance from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods upped their target price on Fidelis Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.92.

Fidelis Insurance Profile

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.