Quadrature Capital Ltd Boosts Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Quadrature Capital Ltd boosted its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 146.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,175 shares of the company’s stock after acquiring an additional 17,324 shares during the period. Quadrature Capital Ltd’s holdings in Fidelis Insurance were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FIHL. Toronto Dominion Bank purchased a new stake in Fidelis Insurance during the third quarter valued at approximately $73,000. Tower Research Capital LLC TRC raised its holdings in shares of Fidelis Insurance by 2,976.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,675 shares of the company’s stock worth $110,000 after buying an additional 8,393 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Fidelis Insurance in the third quarter worth $156,000. Strategic Advocates LLC purchased a new position in shares of Fidelis Insurance in the fourth quarter worth $180,000. Finally, Trexquant Investment LP purchased a new position in shares of Fidelis Insurance in the fourth quarter worth $242,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

FIHL has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a report on Monday, April 15th. JPMorgan Chase & Co. raised their price target on shares of Fidelis Insurance from $17.00 to $17.50 and gave the stock a “neutral” rating in a report on Monday, April 8th. UBS Group decreased their price target on shares of Fidelis Insurance from $22.50 to $22.00 and set a “buy” rating for the company in a report on Tuesday, May 14th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Fidelis Insurance from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.94.

Fidelis Insurance Trading Up 3.3 %

Shares of Fidelis Insurance stock opened at $16.69 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a fifty day moving average price of $17.49 and a 200 day moving average price of $15.77. Fidelis Insurance Holdings Limited has a 1 year low of $11.55 and a 1 year high of $20.53. The stock has a market cap of $1.97 billion and a PE ratio of 4.05.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The firm had revenue of $520.00 million for the quarter, compared to analyst estimates of $585.88 million. Fidelis Insurance had a net margin of 23.31% and a return on equity of 17.97%. Equities research analysts predict that Fidelis Insurance Holdings Limited will post 3.11 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.40 annualized dividend and a yield of 2.40%. Fidelis Insurance’s dividend payout ratio is presently 9.71%.

Fidelis Insurance Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.