Loomis Sayles & Co. L P Grows Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Loomis Sayles & Co. L P increased its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 12.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 655,565 shares of the company’s stock after acquiring an additional 74,445 shares during the quarter. Loomis Sayles & Co. L P owned about 0.56% of Fidelis Insurance worth $11,839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Cambridge Trust Co. purchased a new position in shares of Fidelis Insurance in the first quarter valued at $58,000. California State Teachers Retirement System lifted its stake in shares of Fidelis Insurance by 144.4% in the 1st quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock valued at $119,000 after purchasing an additional 3,606 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelis Insurance in the 2nd quarter worth approximately $140,000. Summit Global Investments bought a new position in shares of Fidelis Insurance during the 3rd quarter valued at approximately $238,000. Finally, Virtu Financial LLC purchased a new stake in Fidelis Insurance during the 1st quarter valued at $247,000. 81.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays assumed coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective on the stock. JMP Securities restated a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. Finally, Keefe, Bruyette & Woods increased their price target on Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.69.

Fidelis Insurance Stock Down 0.0 %

Shares of NYSE FIHL opened at $20.58 on Wednesday. Fidelis Insurance Holdings Limited has a 52-week low of $11.55 and a 52-week high of $21.32. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 5.20 and a beta of -0.01. The stock has a 50 day moving average price of $18.27 and a 200 day moving average price of $17.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, November 29th. Fidelis Insurance’s dividend payout ratio is 10.10%.

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.