Jacobs Levy Equity Management Inc. Has $6.53 Million Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Jacobs Levy Equity Management Inc. lowered its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,485 shares of the company’s stock after selling 10,478 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.31% of Fidelis Insurance worth $6,528,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Fidelis Insurance by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock valued at $283,000 after acquiring an additional 649 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Fidelis Insurance by 4.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company’s stock valued at $327,000 after buying an additional 770 shares during the period. California State Teachers Retirement System boosted its stake in Fidelis Insurance by 144.4% during 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. Prospector Partners LLC boosted its stake in Fidelis Insurance by 0.6% during the 2nd quarter. Prospector Partners LLC now owns 577,628 shares of the company’s stock valued at $9,421,000 after purchasing an additional 3,710 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in Fidelis Insurance by 6.7% during the 3rd quarter. Martingale Asset Management L P now owns 127,593 shares of the company’s stock valued at $2,304,000 after purchasing an additional 7,997 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on FIHL. Keefe, Bruyette & Woods lifted their target price on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group started coverage on shares of Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price target on the stock. Barclays started coverage on shares of Fidelis Insurance in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price target on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Fidelis Insurance currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Fidelis Insurance Stock Down 0.8 %

FIHL opened at $20.07 on Friday. The company has a fifty day moving average price of $18.63 and a 200-day moving average price of $17.68. The firm has a market capitalization of $2.37 billion, a P/E ratio of 5.07 and a beta of 0.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Fidelis Insurance Holdings Limited has a one year low of $11.80 and a one year high of $21.32.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, November 29th. Fidelis Insurance’s dividend payout ratio (DPR) is 10.10%.

Fidelis Insurance Company Profile

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.