LSV Asset Management Sells 123,800 Shares of Fidelis Insurance Holdings Limited $FIHL

LSV Asset Management decreased its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 4.0% during the third quarter, HoldingsChannel.com reports. The firm owned 2,995,380 shares of the company’s stock after selling 123,800 shares during the quarter. LSV Asset Management’s holdings in Fidelis Insurance were worth $54,366,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Caprock Group LLC bought a new position in shares of Fidelis Insurance in the third quarter worth about $283,000. ProShare Advisors LLC grew its stake in Fidelis Insurance by 62.9% in the 3rd quarter. ProShare Advisors LLC now owns 19,914 shares of the company’s stock worth $361,000 after acquiring an additional 7,688 shares in the last quarter. Optimize Financial Inc grew its stake in Fidelis Insurance by 5.5% in the 3rd quarter. Optimize Financial Inc now owns 25,916 shares of the company’s stock worth $470,000 after acquiring an additional 1,344 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Fidelis Insurance by 26.7% during the third quarter. Jones Financial Companies Lllp now owns 17,566 shares of the company’s stock worth $308,000 after acquiring an additional 3,703 shares during the period. Finally, Knights of Columbus Asset Advisors LLC raised its stake in shares of Fidelis Insurance by 2.4% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 75,471 shares of the company’s stock valued at $1,370,000 after acquiring an additional 1,763 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FIHL has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelis Insurance in a research note on Monday, December 29th. UBS Group increased their price target on Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Evercore set a $21.00 price objective on Fidelis Insurance in a report on Wednesday, January 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $21.00 target price (up from $19.00) on shares of Fidelis Insurance in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fidelis Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Four equities 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 company’s stock. According to data from MarketBeat, Fidelis Insurance presently has a consensus rating of “Hold” and a consensus target price of $21.93.

Fidelis Insurance Price Performance

Shares of FIHL stock opened at $19.80 on Friday. Fidelis Insurance Holdings Limited has a 1-year low of $14.17 and a 1-year high of $20.00. The stock’s 50-day moving average is $19.09 and its 200 day moving average is $18.19. The company has a market cap of $2.19 billion, a P/E ratio of -395.90 and a beta of 0.25. 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 released its quarterly earnings results on Wednesday, November 12th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.19 by $0.02. Fidelis Insurance had a negative net margin of 0.56% and a negative return on equity of 0.94%. The business had revenue of $651.90 million during the quarter, compared to analyst estimates of $676.79 million. Research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

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.