NFC Investments LLC Boosts Holdings in Fidelis Insurance Holdings Limited $FIHL

NFC Investments LLC boosted its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 74.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 536,379 shares of the company’s stock after buying an additional 229,229 shares during the quarter. Fidelis Insurance accounts for approximately 2.8% of NFC Investments LLC’s portfolio, making the stock its 13th biggest holding. NFC Investments LLC’s holdings in Fidelis Insurance were worth $9,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FIHL. Royal Bank of Canada boosted its stake 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 worth $258,000 after acquiring an additional 6,124 shares during the last quarter. AQR Capital Management LLC raised 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 purchasing an additional 21,590 shares during the period. Millennium Management LLC raised 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 purchasing an additional 33,420 shares during the period. Goldman Sachs Group Inc. lifted its position in Fidelis Insurance by 55.6% during the first quarter. Goldman Sachs Group Inc. now owns 896,089 shares of the company’s stock valued at $14,517,000 after purchasing an additional 320,242 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Fidelis Insurance by 177.3% during the first quarter. Jane Street Group LLC now owns 103,332 shares of the company’s stock valued at $1,674,000 after purchasing an additional 66,063 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FIHL shares. Keefe, Bruyette & Woods raised their price objective on Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Evercore set a $21.00 target price on shares of Fidelis Insurance in a research note on Wednesday, January 7th. Wall Street Zen downgraded shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. The Goldman Sachs Group set a $17.50 price objective on shares of Fidelis Insurance in a research note on Saturday, January 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fidelis Insurance in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.21.

Fidelis Insurance Trading Up 1.3%

FIHL stock opened at $19.48 on Thursday. 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 Holdings Limited has a 1-year low of $14.39 and a 1-year high of $20.50. The business has a 50 day simple moving average of $19.26 and a two-hundred day simple moving average of $18.56. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 8.81 and a beta of 0.25.

Fidelis Insurance (NYSE:FIHL) last released its earnings results on Wednesday, February 25th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.96 by $0.13. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. The firm had revenue of $600.90 million for the quarter, compared to the consensus estimate of $756.14 million. Research analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

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

Fidelis Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, March 16th. Fidelis Insurance’s dividend 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.