Quantbot Technologies LP Acquires 8,181 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Quantbot Technologies LP grew its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,039 shares of the company’s stock after purchasing an additional 8,181 shares during the quarter. Quantbot Technologies LP’s holdings in Fidelis Insurance were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Intech Investment Management LLC raised its holdings in Fidelis Insurance by 96.9% during the fourth quarter. Intech Investment Management LLC now owns 29,320 shares of the company’s stock valued at $532,000 after buying an additional 14,429 shares in the last quarter. NFC Investments LLC bought a new position in shares of Fidelis Insurance in the 4th quarter valued at approximately $3,309,000. Citizens Financial Group Inc. RI acquired a new stake in Fidelis Insurance in the 4th quarter worth approximately $729,000. Kendall Capital Management boosted its position in Fidelis Insurance by 128.3% during the fourth quarter. Kendall Capital Management now owns 45,460 shares of the company’s stock worth $824,000 after purchasing an additional 25,545 shares during the period. Finally, Jackson Creek Investment Advisors LLC acquired a new position in Fidelis Insurance during the fourth quarter valued at approximately $1,469,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Trading Up 1.0 %

Shares of FIHL opened at $16.22 on Friday. The stock’s 50-day moving average price is $15.84 and its 200 day moving average price is $17.43. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 4.09 and a beta of 0.61.

Fidelis Insurance (NYSE:FIHL) last issued its 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). The firm had revenue of $685.90 million during 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%. As a group, research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given 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 2.47%. Fidelis Insurance’s dividend payout ratio (DPR) is currently 42.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FIHL. JPMorgan Chase & Co. reduced their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. UBS Group raised their price target on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Barclays cut their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. One equities 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.57.

Fidelis Insurance Company 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.