ExodusPoint Capital Management LP Has $1.83 Million Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

ExodusPoint Capital Management LP lifted its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 60.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,869 shares of the company's stock after acquiring an additional 38,175 shares during the quarter. ExodusPoint Capital Management LP owned about 0.09% of Fidelis Insurance worth $1,829,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP raised its position in shares of Fidelis Insurance by 76.4% in the third quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company's stock valued at $55,592,000 after purchasing an additional 1,332,896 shares during the period. Loomis Sayles & Co. L P lifted its position in Fidelis Insurance by 77.9% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,166,264 shares of the company's stock worth $21,144,000 after acquiring an additional 510,699 shares during the last quarter. American Century Companies Inc. boosted its holdings in Fidelis Insurance by 6.7% during the fourth quarter. American Century Companies Inc. now owns 3,577,018 shares of the company's stock valued at $64,851,000 after acquiring an additional 225,952 shares during the period. NFC Investments LLC acquired a new stake in shares of Fidelis Insurance in the fourth quarter valued at about $3,309,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Fidelis Insurance in the fourth quarter worth about $1,568,000. Institutional investors and hedge funds own 81.99% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JPMorgan Chase & Co. dropped their price target on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Barclays reduced their price target on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a report on Friday. 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 research note on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective 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. Finally, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $19.71.

Fidelis Insurance Price Performance

Shares of Fidelis Insurance stock traded up $0.34 during mid-day trading on Monday, reaching $16.00. 53,475 shares of the stock were exchanged, compared to its average volume of 578,132. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 4.04 and a beta of 0.28. The firm has a 50-day simple moving average of $15.63 and a 200 day simple moving average of $17.22. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. 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 quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). The business had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. On average, 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. Stockholders of record on Wednesday, March 12th were paid 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 2.50%. Fidelis Insurance's dividend payout ratio (DPR) is currently 42.55%.

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.