Garde Capital Inc. Purchases New Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Garde Capital Inc. acquired a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,819 shares of the company’s stock, valued at approximately $62,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Fidelis Insurance by 1,267.3% in the 1st quarter. GAMMA Investing LLC now owns 4,471 shares of the company’s stock valued at $72,000 after purchasing an additional 4,144 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock valued at $111,000 after purchasing an additional 5,831 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Fidelis Insurance in the 4th quarter valued at approximately $235,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Fidelis Insurance in the 4th quarter valued at approximately $247,000. Finally, ProShare Advisors LLC bought a new stake in shares of Fidelis Insurance in the 4th quarter valued at approximately $262,000. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Stock Down 1.3%

Shares of FIHL opened at $15.95 on Friday. The company has a market capitalization of $1.76 billion, a P/E ratio of -122.65 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.68 and a quick ratio of 0.68. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The business’s 50 day simple moving average is $16.74 and its 200-day simple moving average is $16.59.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.02. The business had revenue of $658.40 million for the quarter, compared to the consensus estimate of $578.57 million. Fidelis Insurance had a positive return on equity of 0.20% and a negative net margin of 0.41%. As a group, sell-side analysts predict that Fidelis Insurance Holdings Limited will post 3.12 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 27th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance’s dividend payout ratio (DPR) is presently -307.69%.

Analysts Set New Price Targets

FIHL has been the topic of several analyst reports. Citigroup reiterated an “outperform” rating on shares of Fidelis Insurance in a research note on Friday, May 16th. UBS Group upped their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered their price objective on Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their target price on Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, JMP Securities boosted their target price on Fidelis Insurance from $24.00 to $27.00 and gave the stock a “market outperform” rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.14.

About Fidelis Insurance

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.