Cubist Systematic Strategies LLC Acquires New Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Cubist Systematic Strategies LLC purchased a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 201,919 shares of the company's stock, valued at approximately $3,661,000. Cubist Systematic Strategies LLC owned about 0.17% of Fidelis Insurance at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FIHL. Principal Financial Group Inc. grew its stake in shares of Fidelis Insurance by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 70,149 shares of the company's stock valued at $1,272,000 after purchasing an additional 6,786 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Fidelis Insurance during the 4th quarter worth $1,008,000. Kendall Capital Management grew its position in shares of Fidelis Insurance by 128.3% during the 4th quarter. Kendall Capital Management now owns 45,460 shares of the company's stock valued at $824,000 after acquiring an additional 25,545 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Fidelis Insurance in the 4th quarter worth $1,142,000. Finally, Sei Investments Co. raised its holdings in Fidelis Insurance by 8.6% in the 4th quarter. Sei Investments Co. now owns 261,862 shares of the company's stock worth $4,748,000 after purchasing an additional 20,829 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

Fidelis Insurance Stock Up 0.2%

Fidelis Insurance stock traded up $0.03 during trading hours on Tuesday, reaching $17.27. The stock had a trading volume of 354,237 shares, compared to its average volume of 568,657. The business's 50 day moving average price is $15.90 and its 200-day moving average price is $17.01. 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 52 week low of $14.17 and a 52 week high of $21.32. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 4.36 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). The company had revenue of $685.90 million for the quarter, compared to analysts' expectations of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. Sell-side analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.32%. Fidelis Insurance's dividend payout ratio is currently 42.55%.

Analyst Ratings Changes

FIHL has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. UBS Group increased their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods lowered their target price on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Barclays cut their price target on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $19.71.

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.