Susquehanna Fundamental Investments LLC Makes New Investment in Fidelis Insurance Holdings Limited (NYSE:FIHL)

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

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new position in shares of Fidelis Insurance during the 3rd quarter worth approximately $1,144,000. Wedge Capital Management L L P NC purchased a new stake in shares of Fidelis Insurance in the 4th quarter valued at $1,008,000. Kendall Capital Management boosted 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 acquiring an additional 25,545 shares during the period. Geode Capital Management LLC grew its position in Fidelis Insurance by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company's stock valued at $11,335,000 after acquiring an additional 44,416 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Fidelis Insurance during the fourth quarter worth 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 $0.17 during midday trading on Monday, hitting $16.82. The company had a trading volume of 187,241 shares, compared to its average volume of 568,185. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 4.24 and a beta of 0.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company's 50 day simple moving average is $15.69 and its 200 day simple moving average is $17.04. Fidelis Insurance Holdings Limited has a 52-week low of $14.17 and a 52-week high of $21.32.

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

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Wednesday, March 12th. Fidelis Insurance's dividend payout ratio is presently 42.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FIHL shares. Barclays dropped their price objective 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. UBS Group boosted their target price on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. The Goldman Sachs Group reiterated a "sell" rating and issued a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods cut their target price on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One 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 company. Based on data from MarketBeat.com, Fidelis Insurance has an average rating of "Hold" and an average price target of $19.71.

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.