Citadel Advisors LLC Increases Stock Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Citadel Advisors LLC lifted its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 2,922.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,569,863 shares of the company's stock after acquiring an additional 1,517,927 shares during the quarter. Citadel Advisors LLC owned 1.33% of Fidelis Insurance worth $28,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FIHL. Barclays PLC lifted its stake in Fidelis Insurance by 306.7% in the 3rd quarter. Barclays PLC now owns 68,184 shares of the company's stock worth $1,231,000 after purchasing an additional 51,419 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in Fidelis Insurance in the 4th quarter worth approximately $1,008,000. R Squared Ltd purchased a new position in Fidelis Insurance in the 4th quarter worth approximately $26,000. Empowered Funds LLC lifted its stake in Fidelis Insurance by 21.9% in the 4th quarter. Empowered Funds LLC now owns 433,559 shares of the company's stock worth $7,860,000 after purchasing an additional 77,851 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Fidelis Insurance by 5.1% in the 4th quarter. Rhumbline Advisers now owns 76,054 shares of the company's stock worth $1,379,000 after purchasing an additional 3,689 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays cut their price target 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. Keefe, Bruyette & Woods cut their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, UBS Group raised their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Fidelis Insurance has an average rating of "Hold" and a consensus target price of $19.71.

Fidelis Insurance Trading Down 1.0%

Fidelis Insurance stock traded down $0.17 during trading on Wednesday, hitting $17.11. The company had a trading volume of 430,045 shares, compared to its average volume of 567,290. 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. The company's 50 day simple moving average is $16.00 and its 200-day simple moving average is $17.02. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 4.32 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.52) by $0.11. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. As a group, analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

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 paid a $0.10 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.34%. Fidelis Insurance's dividend payout ratio (DPR) is 42.55%.

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.