Y Intercept Hong Kong Ltd Buys Shares of 26,261 Fidelis Insurance Holdings Limited (NYSE:FIHL)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 26,261 shares of the company's stock, valued at approximately $425,000.

A number of other large investors have also added to or reduced their stakes in FIHL. Zimmer Partners LP bought a new position in Fidelis Insurance during the 4th quarter valued at $31,991,000. Citadel Advisors LLC lifted its position in Fidelis Insurance by 2,922.7% in the 4th quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company's stock valued at $28,462,000 after purchasing an additional 1,517,927 shares during the last quarter. LSV Asset Management bought a new stake in Fidelis Insurance in the 4th quarter valued at about $24,435,000. Millennium Management LLC lifted its position in Fidelis Insurance by 181.2% in the 4th 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. Finally, Dimensional Fund Advisors LP increased its stake in Fidelis Insurance by 3,511.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 539,783 shares of the company's stock valued at $9,785,000 after buying an additional 524,835 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on FIHL. JPMorgan Chase & Co. lowered their target price on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Barclays raised their target price on shares of Fidelis Insurance from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Citigroup reaffirmed an "outperform" rating on shares of Fidelis Insurance in a research note on Friday, May 16th. JMP Securities lifted 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 note on Friday, May 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Fidelis Insurance from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.67.

Fidelis Insurance Price Performance

Shares of FIHL traded down $0.16 during mid-day trading on Friday, hitting $14.95. The company's stock had a trading volume of 204,102 shares, compared to its average volume of 640,438. The firm has a 50-day moving average price of $16.34 and a 200 day moving average price of $16.18. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -114.99 and a beta of 0.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.68 and a quick ratio of 0.68. 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 released its earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.02. The business had revenue of $658.40 million for the quarter, compared to the consensus estimate of $578.57 million. Fidelis Insurance had a negative net margin of 0.41% and a positive return on equity of 0.20%. On average, research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 16th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 16th. Fidelis Insurance's dividend payout ratio (DPR) is -307.69%.

About Fidelis Insurance

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.