Knights of Columbus Asset Advisors LLC Has $1.22 Million Position in Fidelis Insurance Holdings Limited $FIHL

Knights of Columbus Asset Advisors LLC decreased its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,708 shares of the company’s stock after selling 996 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Fidelis Insurance were worth $1,222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Fidelis Insurance during the 2nd quarter worth about $172,000. Diversified Trust Co lifted its position in Fidelis Insurance by 1.1% during the 2nd quarter. Diversified Trust Co now owns 137,441 shares of the company’s stock worth $2,279,000 after buying an additional 1,541 shares in the last quarter. Jane Street Group LLC lifted its position in Fidelis Insurance by 177.3% during the 1st quarter. Jane Street Group LLC now owns 103,332 shares of the company’s stock worth $1,674,000 after buying an additional 66,063 shares in the last quarter. Optimize Financial Inc lifted its position in Fidelis Insurance by 40.5% during the 1st quarter. Optimize Financial Inc now owns 24,748 shares of the company’s stock worth $401,000 after buying an additional 7,139 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Fidelis Insurance by 2.1% during the 1st quarter. Empowered Funds LLC now owns 442,570 shares of the company’s stock worth $7,170,000 after buying an additional 9,011 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Stock Performance

Shares of FIHL stock opened at $18.59 on Wednesday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -45.35 and a beta of 0.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 0.71. The company has a 50-day simple moving average of $17.16 and a 200 day simple moving average of $16.63. Fidelis Insurance Holdings Limited has a 52 week low of $14.17 and a 52 week high of $21.32.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Wednesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.24. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $604.62 million. Fidelis Insurance had a negative net margin of 1.70% and a negative return on equity of 1.81%. On average, sell-side analysts predict that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th were paid a $0.15 dividend. This is a positive change from Fidelis Insurance’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, September 16th. This represents a $0.60 annualized dividend and a yield of 3.2%. Fidelis Insurance’s dividend payout ratio is presently -146.34%.

Analyst Upgrades and Downgrades

FIHL has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Fidelis Insurance in a research note on Saturday, September 27th. Zacks Research upgraded shares of Fidelis Insurance from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 11th. Barclays increased their price target on shares of Fidelis Insurance from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods upped their price objective on Fidelis Insurance from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, July 1st. Finally, Evercore ISI restated a “mixed” rating on shares of Fidelis Insurance in a research note on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fidelis Insurance presently has a consensus rating of “Hold” and a consensus price target of $20.43.

Fidelis Insurance Company 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.