UBS Group AG Has $6.51 Million Stock Position in Fidelis Insurance Holdings Limited $FIHL

UBS Group AG trimmed its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 30.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 332,806 shares of the company’s stock after selling 143,543 shares during the quarter. UBS Group AG’s holdings in Fidelis Insurance were worth $6,513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FIHL. Royal Bank of Canada boosted its holdings in Fidelis Insurance by 62.1% during the first quarter. Royal Bank of Canada now owns 15,988 shares of the company’s stock valued at $258,000 after purchasing an additional 6,124 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Fidelis Insurance by 41.2% during the first quarter. AQR Capital Management LLC now owns 74,025 shares of the company’s stock valued at $1,199,000 after purchasing an additional 21,590 shares in the last quarter. Millennium Management LLC boosted its holdings in Fidelis Insurance by 4.0% during the first quarter. Millennium Management LLC now owns 859,192 shares of the company’s stock valued at $13,919,000 after purchasing an additional 33,420 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Fidelis Insurance by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 896,089 shares of the company’s stock worth $14,517,000 after acquiring an additional 320,242 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Fidelis Insurance by 177.3% in the 1st quarter. Jane Street Group LLC now owns 103,332 shares of the company’s stock worth $1,674,000 after acquiring an additional 66,063 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Stock Up 2.1%

Shares of FIHL opened at $23.65 on Wednesday. The company has a market capitalization of $2.29 billion, a P/E ratio of 10.70 and a beta of 0.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.74. Fidelis Insurance Holdings Limited has a one year low of $14.80 and a one year high of $21.50. The business’s 50 day simple moving average is $20.06 and its 200-day simple moving average is $19.40.

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

Fidelis Insurance declared that its board has authorized a stock repurchase program on Friday, February 20th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to buy up to 18% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Fidelis Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Fidelis Insurance’s payout ratio is 27.15%.

Wall Street Analysts Forecast Growth

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