SG Americas Securities LLC Raises Position in Fidelis Insurance Holdings Limited $FIHL

SG Americas Securities LLC increased its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 179.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,821 shares of the company’s stock after purchasing an additional 28,761 shares during the quarter. SG Americas Securities LLC’s holdings in Fidelis Insurance were worth $857,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. LSV Asset Management increased its position in Fidelis Insurance by 46.1% in the fourth quarter. LSV Asset Management now owns 4,377,732 shares of the company’s stock worth $85,672,000 after buying an additional 1,382,352 shares during the last quarter. Cooperman Leon G lifted its position in shares of Fidelis Insurance by 14.8% during the 3rd quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock valued at $120,924,000 after buying an additional 856,413 shares during the last quarter. Millennium Management LLC grew its stake in shares of Fidelis Insurance by 113.9% during the 3rd quarter. Millennium Management LLC now owns 924,380 shares of the company’s stock worth $16,777,000 after acquiring an additional 492,253 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Fidelis Insurance by 108.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 729,818 shares of the company’s stock worth $14,283,000 after acquiring an additional 380,352 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Fidelis Insurance by 16.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,623,506 shares of the company’s stock worth $47,612,000 after acquiring an additional 367,538 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Up 2.3%

NYSE:FIHL opened at $25.56 on Monday. The company has a market cap of $2.47 billion, a P/E ratio of 11.57 and a beta of 0.36. Fidelis Insurance Holdings Limited has a 1 year low of $14.80 and a 1 year high of $21.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.74. The stock’s fifty day moving average price is $22.47 and its two-hundred day moving average price is $20.43.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.94 earnings per share (EPS) 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 for the quarter. As a group, analysts expect that Fidelis Insurance Holdings Limited will post 3.19 EPS for the current year.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, June 15th. Fidelis Insurance’s dividend payout ratio (DPR) is 27.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FIHL shares. Barclays boosted their price objective on Fidelis Insurance from $19.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. UBS Group increased their target price on shares of Fidelis Insurance from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fidelis Insurance currently has a consensus rating of “Hold” and an average target price 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.