Numerai GP LLC Acquires New Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Numerai GP LLC purchased a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,046 shares of the company's stock, valued at approximately $345,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIHL. R Squared Ltd purchased a new position in shares of Fidelis Insurance during the 4th quarter worth $26,000. Venturi Wealth Management LLC increased its holdings in shares of Fidelis Insurance by 1,862.9% during the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock worth $111,000 after buying an additional 5,831 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Fidelis Insurance during the 4th quarter valued at approximately $235,000. Schonfeld Strategic Advisors LLC acquired a new position in Fidelis Insurance in the fourth quarter valued at approximately $247,000. Finally, XTX Topco Ltd purchased a new position in Fidelis Insurance in the fourth quarter worth approximately $277,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Price Performance

FIHL stock traded up $0.10 on Monday, reaching $17.67. The company had a trading volume of 437,743 shares, compared to its average volume of 569,470. 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's fifty day moving average is $16.11 and its 200 day moving average is $17.01. The company has a market cap of $1.96 billion, a P/E ratio of 4.46 and a beta of 0.28. Fidelis Insurance Holdings Limited has a 1 year low of $14.17 and a 1 year high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its earnings results 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. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $658.40 million during the quarter, compared to the consensus estimate of $578.57 million. On average, research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, June 16th. Fidelis Insurance's payout ratio is -307.69%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FIHL shares. Keefe, Bruyette & Woods lowered 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. Citigroup restated an "outperform" rating on shares of Fidelis Insurance in a research report on Friday. JPMorgan Chase & Co. lowered 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. JMP Securities boosted their target price on Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a research note on Friday. Finally, Barclays lowered their target price on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. One research 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 data from MarketBeat.com, Fidelis Insurance presently has an average rating of "Hold" and an average target price of $20.14.

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.