Susquehanna Fundamental Investments LLC Purchases Shares of 90,758 Fidelis Insurance Holdings Limited (NYSE:FIHL)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 90,758 shares of the company's stock, valued at approximately $1,645,000. Susquehanna Fundamental Investments LLC owned 0.08% of Fidelis Insurance as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FIHL. Principal Financial Group Inc. purchased a new stake in Fidelis Insurance in the 3rd quarter worth about $1,144,000. Wedge Capital Management L L P NC purchased a new stake in Fidelis Insurance during the fourth quarter valued at about $1,008,000. Kendall Capital Management increased its holdings in 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 purchasing an additional 25,545 shares during the period. Geode Capital Management LLC grew its position in shares of Fidelis Insurance by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company's stock worth $11,335,000 after buying an additional 44,416 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Fidelis Insurance during the 4th quarter valued at about $1,142,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Fidelis Insurance Stock Performance

Shares of FIHL stock traded up $0.08 during mid-day trading on Tuesday, reaching $16.82. The stock had a trading volume of 60,736 shares, compared to its average volume of 566,707. The business's fifty day moving average is $15.69 and its 200-day moving average is $17.04. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 4.25 and a beta of 0.28. Fidelis Insurance Holdings Limited has a 1-year low of $14.17 and a 1-year high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

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 business had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. On average, research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.38%. Fidelis Insurance's dividend payout ratio (DPR) is presently 42.55%.

Analysts Set New Price Targets

A number of analysts have recently commented on FIHL shares. Keefe, Bruyette & Woods reduced their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their target price on 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 upped their price target on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Finally, Barclays reduced their target price on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $19.71.

Fidelis Insurance 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.