LSV Asset Management Sells 123,800 Shares of Fidelis Insurance Holdings Limited $FIHL

LSV Asset Management trimmed its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 4.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,995,380 shares of the company’s stock after selling 123,800 shares during the period. LSV Asset Management owned 2.71% of Fidelis Insurance worth $54,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. grew its position in shares of Fidelis Insurance by 15.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock valued at $101,000 after purchasing an additional 810 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Fidelis Insurance by 2.7% in the second quarter. Advisory Services Network LLC now owns 33,472 shares of the company’s stock worth $506,000 after buying an additional 882 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Fidelis Insurance by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 60,344 shares of the company’s stock valued at $1,001,000 after buying an additional 998 shares during the last quarter. Empowered Funds LLC grew its holdings in Fidelis Insurance by 0.3% during the 2nd quarter. Empowered Funds LLC now owns 443,779 shares of the company’s stock valued at $7,358,000 after buying an additional 1,209 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in Fidelis Insurance by 1.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 72,167 shares of the company’s stock worth $1,310,000 after acquiring an additional 1,226 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Up 0.4%

Shares of FIHL opened at $19.80 on Friday. The company’s fifty day simple moving average is $19.09 and its 200-day simple moving average is $18.19. The company has a market cap of $2.19 billion, a P/E ratio of -395.90 and a beta of 0.25. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. Fidelis Insurance Holdings Limited has a twelve month low of $14.17 and a twelve month high of $20.00.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings results on Wednesday, November 12th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. Fidelis Insurance had a negative net margin of 0.56% and a negative return on equity of 0.94%. The firm had revenue of $651.90 million during the quarter, compared to analysts’ expectations of $676.79 million. As a group, analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. The Goldman Sachs Group set a $17.50 target price on Fidelis Insurance in a research report on Saturday, January 17th. UBS Group upped their price target on shares of Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Evercore set a $21.00 price objective on shares of Fidelis Insurance in a research note on Wednesday, January 7th. Wall Street Zen downgraded shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelis Insurance in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fidelis Insurance presently has a consensus rating of “Hold” and an average price target of $21.93.

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.