NFC Investments LLC Acquires 273,075 Shares of Fidelis Insurance Holdings Limited $FIHL

NFC Investments LLC increased its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 50.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 809,454 shares of the company’s stock after acquiring an additional 273,075 shares during the period. Fidelis Insurance makes up about 4.5% of NFC Investments LLC’s portfolio, making the stock its 7th largest holding. NFC Investments LLC’s holdings in Fidelis Insurance were worth $15,841,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FIHL. Royal Bank of Canada grew its position in shares of Fidelis Insurance by 62.1% during the 1st quarter. Royal Bank of Canada now owns 15,988 shares of the company’s stock valued at $258,000 after acquiring an additional 6,124 shares during the period. AQR Capital Management LLC boosted its holdings in Fidelis Insurance by 41.2% in the 1st quarter. AQR Capital Management LLC now owns 74,025 shares of the company’s stock worth $1,199,000 after buying an additional 21,590 shares during the last quarter. Millennium Management LLC boosted its holdings in Fidelis Insurance by 4.0% in the 1st quarter. Millennium Management LLC now owns 859,192 shares of the company’s stock worth $13,919,000 after buying an additional 33,420 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in 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 buying an additional 320,242 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in 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 buying an additional 66,063 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FIHL shares. Keefe, Bruyette & Woods lifted their price objective on Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. UBS Group lifted their price objective on Fidelis Insurance from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Barclays lifted their price objective on Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings upgraded Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, March 6th. Three equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.92.

Fidelis Insurance Trading Up 2.4%

FIHL opened at $22.61 on Thursday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 10.23 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. The company’s 50 day simple moving average is $21.13 and its two-hundred day simple moving average is $19.81. Fidelis Insurance Holdings Limited has a 1-year low of $14.80 and a 1-year high of $21.50.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.94 EPS for the quarter. The firm had revenue of $610.60 million for the quarter. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. Analysts expect that Fidelis Insurance Holdings Limited will post 3.19 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

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

Fidelis Insurance announced that its board has approved a stock buyback plan on Friday, February 20th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 18% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

About Fidelis Insurance

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.