Two Sigma Advisers LP boosted its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 52.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 522,800 shares of the company's stock after purchasing an additional 179,200 shares during the period. Two Sigma Advisers LP owned approximately 0.44% of Fidelis Insurance worth $9,478,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Citadel Advisors LLC increased its holdings in shares of Fidelis Insurance by 2,922.7% during the 4th quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company's stock worth $28,462,000 after buying an additional 1,517,927 shares during the last quarter. LSV Asset Management acquired a new stake in Fidelis Insurance during the fourth quarter worth $24,435,000. Millennium Management LLC raised its position in Fidelis Insurance by 181.2% in the fourth quarter. Millennium Management LLC now owns 825,772 shares of the company's stock valued at $14,971,000 after purchasing an additional 532,110 shares during the period. Dimensional Fund Advisors LP raised its position in Fidelis Insurance by 3,511.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 539,783 shares of the company's stock valued at $9,785,000 after purchasing an additional 524,835 shares during the period. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Fidelis Insurance by 77.9% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,166,264 shares of the company's stock valued at $21,144,000 after purchasing an additional 510,699 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently issued reports on FIHL shares. Barclays cut their price objective on 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. UBS Group boosted their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, March 7th. JMP Securities increased their price objective 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. dropped their target price 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, Keefe, Bruyette & Woods decreased their price target on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Fidelis Insurance has a consensus rating of "Hold" and an average price target of $20.14.
Check Out Our Latest Stock Report on FIHL
Fidelis Insurance Stock Up 3.0%
Shares of NYSE:FIHL traded up $0.50 during trading on Tuesday, hitting $16.94. The company's stock had a trading volume of 328,712 shares, compared to its average volume of 549,860. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The business has a 50 day moving average price of $16.32 and a two-hundred day moving average price of $16.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $1.87 billion, a PE ratio of 4.27 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) earnings per share (EPS) for the quarter, beating 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 analyst estimates of $578.57 million. As a group, research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.
Fidelis Insurance Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.36%. Fidelis Insurance's dividend payout ratio is currently -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.
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