Quantbot Technologies LP decreased its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 58.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,858 shares of the company's stock after selling 37,608 shares during the period. Quantbot Technologies LP's holdings in Fidelis Insurance were worth $485,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of FIHL. The Manufacturers Life Insurance Company boosted its position in shares of Fidelis Insurance by 3.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company's stock worth $283,000 after purchasing an additional 649 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Fidelis Insurance by 4.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company's stock worth $327,000 after purchasing an additional 770 shares during the period. California State Teachers Retirement System boosted its position in shares of Fidelis Insurance by 144.4% during the 1st quarter. California State Teachers Retirement System now owns 6,103 shares of the company's stock worth $119,000 after purchasing an additional 3,606 shares during the period. Prospector Partners LLC boosted its position in shares of Fidelis Insurance by 0.6% during the 2nd quarter. Prospector Partners LLC now owns 577,628 shares of the company's stock worth $9,421,000 after purchasing an additional 3,710 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelis Insurance during the 2nd quarter worth approximately $140,000. Institutional investors and hedge funds own 81.99% of the company's stock.
Fidelis Insurance Stock Performance
NYSE:FIHL remained flat at $20.24 during midday trading on Wednesday. 1,044,655 shares of the company traded hands, compared to its average volume of 570,078. The stock has a fifty day moving average of $18.60 and a two-hundred day moving average of $17.66. Fidelis Insurance Holdings Limited has a 12-month low of $11.80 and a 12-month high of $21.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.39 billion, a P/E ratio of 5.11 and a beta of 0.30.
Fidelis Insurance Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 1.98%. Fidelis Insurance's dividend payout ratio is currently 10.10%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on FIHL. Keefe, Bruyette & Woods increased their price objective on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. The Goldman Sachs Group started coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They issued a "neutral" rating and a $18.50 price target for the company. Barclays started coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $21.00 price target for the company. Finally, JMP Securities reissued a "market outperform" rating and issued a $24.00 price target on shares of Fidelis Insurance in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Fidelis Insurance currently has an average rating of "Moderate Buy" and a consensus price target of $21.50.
View Our Latest Research Report on Fidelis Insurance
About Fidelis Insurance
(
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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