Y Intercept Hong Kong Ltd bought a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 26,261 shares of the company's stock, valued at approximately $425,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Fidelis Insurance during the fourth quarter valued at approximately $1,142,000. Sei Investments Co. lifted its position in shares of Fidelis Insurance by 8.6% during the fourth quarter. Sei Investments Co. now owns 261,862 shares of the company's stock worth $4,748,000 after purchasing an additional 20,829 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Fidelis Insurance by 33.0% in the fourth quarter. JPMorgan Chase & Co. now owns 151,156 shares of the company's stock valued at $2,740,000 after acquiring an additional 37,544 shares in the last quarter. Wellington Management Group LLP raised its holdings in Fidelis Insurance by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company's stock valued at $58,754,000 after acquiring an additional 162,524 shares in the last quarter. Finally, ExodusPoint Capital Management LP raised its holdings in Fidelis Insurance by 60.9% in the fourth quarter. ExodusPoint Capital Management LP now owns 100,869 shares of the company's stock valued at $1,829,000 after acquiring an additional 38,175 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
Fidelis Insurance Stock Down 0.3%
Shares of NYSE FIHL traded down $0.05 during mid-day trading on Tuesday, reaching $15.14. The company had a trading volume of 360,870 shares, compared to its average volume of 542,062. The stock has a fifty day moving average of $16.42 and a two-hundred day moving average of $16.20. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -116.44 and a beta of 0.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.68 and a current ratio of 0.68.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, topping analysts' consensus estimates of ($0.43) by $0.02. Fidelis Insurance had a positive return on equity of 0.20% and a negative net margin of 0.41%. The firm had revenue of $658.40 million for the quarter, compared to the consensus estimate of $578.57 million. As a group, equities research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.
Fidelis Insurance Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 16th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, June 16th. This represents a $0.40 annualized dividend and a yield of 2.64%. Fidelis Insurance's dividend payout ratio (DPR) is presently -307.69%.
Analysts Set New Price Targets
Several equities analysts have recently commented on FIHL shares. JPMorgan Chase & Co. lowered their price target 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. Barclays upped their price objective on shares of Fidelis Insurance from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Citigroup reaffirmed an "outperform" rating on shares of Fidelis Insurance in a report on Friday, May 16th. Keefe, Bruyette & Woods upped their price target on shares of Fidelis Insurance from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. Finally, JMP Securities upped their price target on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a "market outperform" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $20.67.
Read Our Latest Stock Analysis on FIHL
Fidelis Insurance Company Profile
(
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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