Voloridge Investment Management LLC boosted its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 1,243.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 178,320 shares of the company's stock after purchasing an additional 165,043 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.15% of Fidelis Insurance worth $3,233,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Fidelis Insurance by 10.7% during the 4th 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 during the period. Bank of America Corp DE boosted its position in Fidelis Insurance by 9.5% during the 4th quarter. Bank of America Corp DE now owns 437,516 shares of the company's stock valued at $7,932,000 after purchasing an additional 38,015 shares during the period. BNP Paribas Financial Markets acquired a new position in Fidelis Insurance during the 4th quarter valued at approximately $522,000. Kendall Capital Management boosted its position in Fidelis Insurance by 128.3% during the 4th 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 during the period. Finally, Raymond James Financial Inc. acquired a new position in Fidelis Insurance during the 4th quarter valued at approximately $1,142,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
Fidelis Insurance Price Performance
Shares of Fidelis Insurance stock traded up $0.28 during trading on Friday, hitting $17.48. The stock had a trading volume of 733,147 shares, compared to its average volume of 550,942. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $1.93 billion, a P/E ratio of 4.41 and a beta of 0.28. The business has a fifty day moving average of $16.40 and a two-hundred day moving average of $16.96. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $658.40 million during the quarter, compared to analyst estimates of $578.57 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. On average, sell-side analysts expect that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.
Fidelis Insurance Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be issued a $0.10 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.29%. Fidelis Insurance's dividend payout ratio (DPR) is -307.69%.
Analysts Set New Price Targets
A number of research firms recently issued reports on FIHL. UBS Group boosted their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Citigroup restated an "outperform" rating on shares of Fidelis Insurance in a research report on Friday, May 16th. JMP Securities boosted their price target on 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. reduced their price target on 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, Keefe, Bruyette & Woods reduced their price target on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Fidelis Insurance has a consensus rating of "Hold" and an average target price of $20.14.
Read Our Latest Stock Report on FIHL
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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