Renaissance Technologies LLC increased its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 128.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,985 shares of the company's stock after buying an additional 66,885 shares during the quarter. Renaissance Technologies LLC owned 0.10% of Fidelis Insurance worth $2,157,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc boosted its stake in shares of Fidelis Insurance by 38.8% in the 4th quarter. Legal & General Group Plc now owns 19,971 shares of the company's stock worth $362,000 after buying an additional 5,583 shares during the last quarter. Invesco Ltd. boosted its position in Fidelis Insurance by 1.6% in the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company's stock worth $1,656,000 after purchasing an additional 1,475 shares during the last quarter. Federated Hermes Inc. grew its stake in Fidelis Insurance by 1.0% in the 4th quarter. Federated Hermes Inc. now owns 1,108,108 shares of the company's stock valued at $20,090,000 after purchasing an additional 11,200 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Fidelis Insurance by 3.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company's stock valued at $1,167,000 after purchasing an additional 1,967 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Fidelis Insurance by 77.6% during the 4th quarter. Wells Fargo & Company MN now owns 42,484 shares of the company's stock worth $770,000 after purchasing an additional 18,562 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.
Fidelis Insurance Price Performance
Shares of FIHL stock traded up $0.32 during trading hours on Tuesday, reaching $16.53. The stock had a trading volume of 290,879 shares, compared to its average volume of 578,556. The stock's fifty day simple moving average is $15.56 and its 200 day simple moving average is $17.10. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.85 billion, a PE ratio of 4.17 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 released its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $685.90 million for the quarter, compared to analysts' expectations of $661.52 million. On average, equities research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.
Fidelis Insurance Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 2.42%. Fidelis Insurance's payout ratio is currently 42.55%.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price target on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. 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 note on Friday, March 7th. 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. Finally, Barclays cut their price objective 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, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $19.71.
Check Out Our Latest Analysis on FIHL
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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