Quantbot Technologies LP Has $1.58 Million Stock Position in Fidelis Insurance Holdings Limited $FIHL

Key Points

• Quantbot Technologies LP increased its stake in Fidelis Insurance Holdings by 179.1%, raising its ownership to approximately 0.09% of the company, valued at $1.58 million.
• Fidelis Insurance recently reported better-than-expected earnings, with $1.22 billion in revenue for the quarter and earnings per share of $0.12, surpassing analyst estimates.
• Barclays and Keefe, Bruyette & Woods have both raised their price targets on Fidelis Insurance, now set at $17.00 and $21.00 respectively, reflecting positive analyst sentiment despite some mixed ratings.

Quantbot Technologies LP grew its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 179.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,794 shares of the company's stock after purchasing an additional 62,755 shares during the quarter. Quantbot Technologies LP owned approximately 0.09% of Fidelis Insurance worth $1,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIHL. Wells Fargo & Company MN lifted its stake in shares of Fidelis Insurance by 77.6% in the fourth quarter. Wells Fargo & Company MN now owns 42,484 shares of the company's stock worth $770,000 after acquiring an additional 18,562 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Fidelis Insurance by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company's stock worth $1,167,000 after acquiring an additional 1,967 shares during the period. Invesco Ltd. lifted its stake in shares of Fidelis Insurance by 1.6% in the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company's stock worth $1,656,000 after acquiring an additional 1,475 shares during the period. Legal & General Group Plc lifted its stake in shares of Fidelis Insurance by 38.8% in the fourth quarter. Legal & General Group Plc now owns 19,971 shares of the company's stock worth $362,000 after acquiring an additional 5,583 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Fidelis Insurance by 128.4% during the fourth quarter. Renaissance Technologies LLC now owns 118,985 shares of the company's stock worth $2,157,000 after buying an additional 66,885 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FIHL. JMP Securities lifted their target price on shares of Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a research note on Friday, May 16th. Barclays lifted their target price on shares of Fidelis Insurance from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Citigroup reissued an "outperform" rating on shares of Fidelis Insurance in a research note on Friday, May 16th. Keefe, Bruyette & Woods lifted their target price on shares of Fidelis Insurance from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Finally, Zacks Research lowered Fidelis Insurance from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $20.67.

Fidelis Insurance Stock Up 1.5%

Shares of NYSE FIHL traded up $0.26 during midday trading on Wednesday, hitting $17.12. 338,489 shares of the stock traded hands, compared to its average volume of 651,422. The company has a market cap of $1.89 billion, a PE ratio of -41.77 and a beta of 0.25. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The business has a 50 day moving average price of $16.20 and a two-hundred day moving average price of $16.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 0.71.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.24. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $604.62 million. Fidelis Insurance had a negative return on equity of 1.81% and a negative net margin of 1.70%. On average, equities analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

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.