Two Sigma Investments LP Acquires 58,828 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Two Sigma Investments LP increased its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 607,516 shares of the company's stock after purchasing an additional 58,828 shares during the quarter. Two Sigma Investments LP owned about 0.52% of Fidelis Insurance worth $11,014,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citadel Advisors LLC raised its position in Fidelis Insurance by 2,922.7% in the fourth quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company's stock worth $28,462,000 after acquiring an additional 1,517,927 shares in the last quarter. LSV Asset Management bought a new stake in shares of Fidelis Insurance in the 4th quarter worth approximately $24,435,000. Millennium Management LLC lifted its stake in Fidelis Insurance by 181.2% during 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 last quarter. Dimensional Fund Advisors LP boosted its holdings in Fidelis Insurance by 3,511.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 539,783 shares of the company's stock worth $9,785,000 after buying an additional 524,835 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its position in Fidelis Insurance by 77.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,166,264 shares of the company's stock worth $21,144,000 after buying an additional 510,699 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Fidelis Insurance Stock Up 2.6%

NYSE FIHL traded up $0.42 during trading on Tuesday, reaching $16.86. 702,118 shares of the company's stock were exchanged, compared to its average volume of 551,241. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The company's fifty day simple moving average is $16.32 and its 200-day simple moving average is $16.97. The firm has a market capitalization of $1.87 billion, a PE ratio of 4.26 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) EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $578.57 million. Sell-side analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance's dividend payout ratio (DPR) is presently -307.69%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FIHL. 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. JMP Securities upped their target price on Fidelis Insurance from $24.00 to $27.00 and gave the company a "market outperform" rating in a report on Friday, May 16th. Citigroup reiterated an "outperform" rating on shares of Fidelis Insurance in a research report on Friday, May 16th. UBS Group boosted their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.14.

Fidelis Insurance 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.