Renaissance Technologies LLC Grows Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Renaissance Technologies LLC boosted its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 128.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,985 shares of the company's stock after purchasing an additional 66,885 shares during the period. Renaissance Technologies LLC owned about 0.10% of Fidelis Insurance worth $2,157,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Fidelis Insurance during the fourth quarter worth about $26,000. Invesco Ltd. grew its holdings in Fidelis Insurance by 1.6% in the 4th quarter. Invesco Ltd. now owns 91,317 shares of the company's stock valued at $1,656,000 after buying an additional 1,475 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Fidelis Insurance by 3.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company's stock valued at $1,167,000 after buying an additional 1,967 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Fidelis Insurance by 22.4% during the 4th quarter. New York State Common Retirement Fund now owns 15,311 shares of the company's stock worth $278,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Fidelis Insurance by 5.1% during the 4th quarter. Rhumbline Advisers now owns 76,054 shares of the company's stock worth $1,379,000 after purchasing an additional 3,689 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Stock Performance

Fidelis Insurance stock traded down $0.21 during mid-day trading on Thursday, reaching $16.15. 83,913 shares of the stock traded hands, compared to its average volume of 568,162. 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 business's 50-day moving average is $15.58 and its 200-day moving average is $17.08. The stock has a market capitalization of $1.80 billion, a PE ratio of 4.08 and a beta of 0.28. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($1.98). The company had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. As a group, sell-side analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 2.48%. Fidelis Insurance's dividend payout ratio (DPR) is presently 42.55%.

Wall Street Analyst Weigh In

FIHL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group reiterated a "sell" rating and issued a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. UBS Group raised their price objective on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Finally, Barclays cut their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $19.71.

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.