Fidelis Insurance Holdings Limited $FIHL is Doma Perpetual Capital Management LLC’s 8th Largest Position

Doma Perpetual Capital Management LLC grew its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 36.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 636,912 shares of the company’s stock after buying an additional 170,827 shares during the period. Fidelis Insurance accounts for 3.9% of Doma Perpetual Capital Management LLC’s portfolio, making the stock its 8th biggest position. Doma Perpetual Capital Management LLC owned approximately 0.58% of Fidelis Insurance worth $11,560,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its stake in Fidelis Insurance by 15.3% in the second quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock worth $101,000 after acquiring an additional 810 shares during the period. Tower Research Capital LLC TRC increased its position in Fidelis Insurance by 58.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock valued at $129,000 after purchasing an additional 2,885 shares during the period. EMC Capital Management purchased a new stake in shares of Fidelis Insurance in the 2nd quarter worth about $131,000. First Trust Advisors LP purchased a new stake in shares of Fidelis Insurance in the 2nd quarter worth about $169,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Fidelis Insurance in the 3rd quarter worth about $193,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Down 0.0%

NYSE:FIHL opened at $18.68 on Monday. The firm has a market capitalization of $1.81 billion, a P/E ratio of 8.45 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 Holdings Limited has a one year low of $14.56 and a one year high of $20.50. The company’s 50-day simple moving average is $19.15 and its 200 day simple moving average is $18.64.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Wednesday, February 25th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.13. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. The business had revenue of $600.90 million during the quarter, compared to the consensus estimate of $756.14 million. As a group, analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance declared that its Board of Directors has authorized a stock repurchase plan on Friday, February 20th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to repurchase up to 18% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Fidelis Insurance Dividend Announcement

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 paid a dividend of $0.15 per share. The ex-dividend date is Monday, March 16th. This represents a $0.60 dividend on an annualized basis and a yield of 3.2%. Fidelis Insurance’s payout ratio is presently 27.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FIHL shares. Weiss Ratings upgraded shares of Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, March 6th. Evercore set a $21.00 price objective on shares of Fidelis Insurance in a report on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their price objective on Fidelis Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 target price (up from $19.00) on shares of Fidelis Insurance in a research report on Wednesday, January 7th. Finally, Wall Street Zen cut Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Fidelis Insurance presently has an average rating of “Hold” and an average price target of $22.36.

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.