Two Sigma Investments LP Buys 58,828 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Two Sigma Investments LP lifted its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 607,516 shares of the company’s stock after acquiring an additional 58,828 shares during the period. Two Sigma Investments LP owned approximately 0.52% of Fidelis Insurance worth $11,014,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FIHL. Citadel Advisors LLC increased its position in shares of Fidelis Insurance by 2,922.7% during the fourth quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company’s stock worth $28,462,000 after acquiring an additional 1,517,927 shares in the last quarter. LSV Asset Management bought a new position in Fidelis Insurance in the fourth quarter valued at $24,435,000. Millennium Management LLC grew its position in Fidelis Insurance by 181.2% in the fourth quarter. Millennium Management LLC now owns 825,772 shares of the company’s stock valued at $14,971,000 after purchasing an additional 532,110 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Fidelis Insurance by 3,511.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 539,783 shares of the company’s stock valued at $9,785,000 after purchasing an additional 524,835 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its position in Fidelis Insurance by 77.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,166,264 shares of the company’s stock valued at $21,144,000 after purchasing an additional 510,699 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Stock Performance

Shares of FIHL stock opened at $16.42 on Friday. The stock has a market cap of $1.82 billion, a P/E ratio of 4.15 and a beta of 0.28. 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 company has a fifty day moving average price of $16.31 and a two-hundred day moving average price of $17.01. Fidelis Insurance Holdings Limited has a one year low of $14.17 and a one year high of $21.32.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.02. The firm had revenue of $658.40 million during the quarter, compared to analysts’ expectations of $578.57 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. As a group, equities analysts predict that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance’s dividend payout ratio is presently -307.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. decreased their target price on shares of Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Barclays decreased 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. JMP Securities raised their target price on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a “market outperform” rating in a research report on Friday, May 16th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelis Insurance presently has a consensus 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.