GSA Capital Partners LLP Makes New Investment in Fidelis Insurance Holdings Limited $FIHL

GSA Capital Partners LLP purchased a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL) in the 4th quarter, HoldingsChannel reports. The fund purchased 55,886 shares of the company’s stock, valued at approximately $1,094,000.

Other institutional investors have also modified their holdings of the company. Focus Partners Wealth acquired a new position in shares of Fidelis Insurance in the third quarter worth $77,000. Tower Research Capital LLC TRC grew its stake in shares of Fidelis Insurance by 58.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after acquiring an additional 2,885 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Fidelis Insurance in the second quarter worth $169,000. Quadrant Capital Group LLC acquired a new position in shares of Fidelis Insurance in the third quarter worth $193,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Fidelis Insurance in the fourth quarter worth $226,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FIHL. Weiss Ratings upgraded shares of Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 6th. Keefe, Bruyette & Woods boosted their price target on shares of Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. UBS Group lifted their price objective 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. Finally, Barclays lifted their price objective on shares of Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.92.

Fidelis Insurance Price Performance

Fidelis Insurance stock opened at $23.25 on Friday. The stock has a market cap of $2.25 billion, a P/E ratio of 10.52 and a beta of 0.36. The company has a fifty day simple moving average of $20.24 and a 200-day simple moving average of $19.48. Fidelis Insurance Holdings Limited has a 12-month low of $14.80 and a 12-month high of $21.50. 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 (NYSE:FIHL) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.94 earnings per share (EPS) for the quarter. The business had revenue of $610.60 million during the quarter. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. Equities analysts expect that Fidelis Insurance Holdings Limited will post 3.19 EPS for the current fiscal year.

Fidelis Insurance announced that its Board of Directors has authorized a share repurchase plan on Friday, February 20th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to purchase up to 18% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Fidelis Insurance Dividend Announcement

The company also recently disclosed 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 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Fidelis Insurance’s payout ratio is 27.15%.

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.