Two Sigma Advisers LP raised its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 522,800 shares of the company's stock after purchasing an additional 179,200 shares during the period. Two Sigma Advisers LP owned 0.44% of Fidelis Insurance worth $9,478,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Fidelis Insurance by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 70,149 shares of the company's stock valued at $1,272,000 after purchasing an additional 6,786 shares in the last quarter. Kendall Capital Management increased its stake in Fidelis Insurance by 128.3% in the fourth quarter. Kendall Capital Management now owns 45,460 shares of the company's stock valued at $824,000 after purchasing an additional 25,545 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Fidelis Insurance in the fourth quarter valued at $1,142,000. Sei Investments Co. increased its stake in Fidelis Insurance by 8.6% in the fourth quarter. Sei Investments Co. now owns 261,862 shares of the company's stock valued at $4,748,000 after purchasing an additional 20,829 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Fidelis Insurance by 77.6% in the fourth quarter. Wells Fargo & Company MN now owns 42,484 shares of the company's stock valued at $770,000 after purchasing an additional 18,562 shares in the last quarter. 81.99% of the stock is owned by institutional investors.
Analyst Ratings Changes
FIHL has been the subject of several recent research reports. Citigroup reissued an "outperform" rating on shares of Fidelis Insurance in a research report on Friday, May 16th. UBS Group boosted their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. JMP Securities boosted 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 report on Friday, May 16th. JPMorgan Chase & Co. decreased their target price 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. Finally, Barclays decreased 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. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $20.14.
View Our Latest Stock Report on Fidelis Insurance
Fidelis Insurance Stock Up 0.0%
FIHL stock traded up $0.01 during trading on Wednesday, reaching $16.85. The stock had a trading volume of 118,576 shares, compared to its average volume of 549,578. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The company's 50 day moving average is $16.35 and its two-hundred day moving average is $16.97. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 4.25 and a beta of 0.28.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $578.57 million. Equities research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.
Fidelis Insurance Announces Dividend
The business also recently announced 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. This represents a $0.40 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance's payout ratio is -307.69%.
About Fidelis Insurance
(
Free Report)
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.
Featured Articles
Before you consider Fidelis Insurance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fidelis Insurance wasn't on the list.
While Fidelis Insurance currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
