Squarepoint Ops LLC Makes New Investment in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Squarepoint Ops LLC bought a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,997 shares of the company's stock, valued at approximately $399,000.

Other large investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its stake in shares of Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock worth $111,000 after buying an additional 5,831 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Fidelis Insurance in the fourth quarter valued at about $235,000. Schonfeld Strategic Advisors LLC purchased a new position in Fidelis Insurance in the fourth quarter worth about $247,000. ProShare Advisors LLC purchased a new position in Fidelis Insurance in the fourth quarter worth about $262,000. Finally, XTX Topco Ltd bought a new stake in shares of Fidelis Insurance during the 4th quarter valued at about $277,000. Institutional investors own 81.99% of the company's stock.

Fidelis Insurance Price Performance

NYSE:FIHL traded down $0.18 on Monday, reaching $17.31. 492,379 shares of the company's stock traded hands, compared to its average volume of 555,968. The stock has a 50-day simple moving average of $16.57 and a 200-day simple moving average of $16.84. Fidelis Insurance Holdings Limited has a 12 month low of $14.17 and a 12 month high of $21.32. The firm has a market cap of $1.92 billion, a PE ratio of 4.37 and a beta of 0.34. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

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 analysts' consensus estimates of ($0.43) by $0.02. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The company had revenue of $658.40 million for the quarter, compared to analysts' expectations of $578.57 million. Equities 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 will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.40 annualized dividend and a yield of 2.31%. Fidelis Insurance's payout ratio is -307.69%.

Analyst Ratings Changes

FIHL has been the subject of several recent research reports. Barclays cut 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 research report on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Citigroup reaffirmed an "outperform" rating on shares of Fidelis Insurance in a report on Friday, May 16th. Keefe, Bruyette & Woods cut their price target 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, UBS Group raised 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.14.

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.