385,500 Shares in Fidelis Insurance Holdings Limited $FIHL Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 385,500 shares of the company’s stock, valued at approximately $7,367,000.

A number of other large investors have also bought and sold shares of FIHL. LSV Asset Management raised its stake in shares of Fidelis Insurance by 46.1% in the fourth quarter. LSV Asset Management now owns 4,377,732 shares of the company’s stock valued at $85,672,000 after buying an additional 1,382,352 shares during the period. Dimensional Fund Advisors LP raised its stake in Fidelis Insurance by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,787,134 shares of the company’s stock valued at $54,545,000 after acquiring an additional 163,628 shares during the period. Loomis Sayles & Co. L P raised its stake in Fidelis Insurance by 2.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,288,824 shares of the company’s stock valued at $25,222,000 after acquiring an additional 34,066 shares during the period. Balyasny Asset Management L.P. lifted its holdings in Fidelis Insurance by 24.3% during the third quarter. Balyasny Asset Management L.P. now owns 960,663 shares of the company’s stock valued at $17,436,000 after purchasing an additional 187,899 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Fidelis Insurance by 113.9% during the third quarter. Millennium Management LLC now owns 924,380 shares of the company’s stock valued at $16,777,000 after purchasing an additional 492,253 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Trading Up 0.3%

NYSE:FIHL opened at $25.07 on Tuesday. The company has a market cap of $2.42 billion, a P/E ratio of 11.34 and a beta of 0.36. The stock’s fifty day moving average price is $22.93 and its two-hundred day moving average price is $20.66. Fidelis Insurance Holdings Limited has a 1 year low of $14.80 and a 1 year high of $21.50. 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 (NYSE:FIHL) last posted 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 during the quarter. Fidelis Insurance had a return on equity of 8.62% and a net margin of 9.02%. As a group, analysts expect that Fidelis Insurance Holdings Limited will post 3.19 EPS for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, June 15th. Fidelis Insurance’s dividend payout ratio (DPR) is 27.15%.

Analysts Set New Price Targets

Separately, Barclays increased their target price 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 investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.92.

Fidelis Insurance Company 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.