Squarepoint Ops LLC Takes $399,000 Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Squarepoint Ops LLC purchased a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 21,997 shares of the company's stock, valued at approximately $399,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Two Sigma Advisers LP boosted its holdings in shares of Fidelis Insurance by 52.2% during the 4th quarter. Two Sigma Advisers LP now owns 522,800 shares of the company's stock valued at $9,478,000 after acquiring an additional 179,200 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Fidelis Insurance by 10.7% during the 4th quarter. Two Sigma Investments LP now owns 607,516 shares of the company's stock valued at $11,014,000 after acquiring an additional 58,828 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Fidelis Insurance during the 4th quarter valued at about $724,000. ProShare Advisors LLC purchased a new stake in shares of Fidelis Insurance during the 4th quarter valued at about $262,000. Finally, Numerai GP LLC purchased a new stake in shares of Fidelis Insurance during the 4th quarter valued at about $345,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FIHL shares. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Barclays dropped their price objective on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. UBS Group raised their price objective 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. Finally, Citigroup reissued an "outperform" rating on shares of Fidelis Insurance in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.14.

Fidelis Insurance Price Performance

Shares of NYSE:FIHL opened at $17.60 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Fidelis Insurance Holdings Limited has a 1-year low of $14.17 and a 1-year high of $21.32. The company has a market capitalization of $1.95 billion, a P/E ratio of 4.44 and a beta of 0.28. The firm's 50 day simple moving average is $16.55 and its two-hundred day simple moving average is $16.90.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.02. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The business had revenue of $658.40 million for the quarter, compared to the consensus estimate of $578.57 million. Research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance's dividend payout ratio is currently -307.69%.

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.

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