Renaissance Technologies LLC Has $2.30 Million Stake in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Renaissance Technologies LLC lowered its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 23.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,800 shares of the company’s stock after selling 42,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Fidelis Insurance were worth $2,296,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FIHL. Vanguard Group Inc. raised its holdings in Fidelis Insurance by 227.4% during the 1st quarter. Vanguard Group Inc. now owns 562,570 shares of the company’s stock worth $10,959,000 after buying an additional 390,754 shares during the period. Boston Partners lifted its position in Fidelis Insurance by 213.7% in the 1st quarter. Boston Partners now owns 714,683 shares of the company’s stock valued at $13,922,000 after acquiring an additional 486,888 shares in the last quarter. GSA Capital Partners LLP bought a new position in Fidelis Insurance during the 1st quarter worth about $1,287,000. Quadrature Capital Ltd increased its holdings in Fidelis Insurance by 125.0% during the 1st quarter. Quadrature Capital Ltd now owns 65,639 shares of the company’s stock worth $1,279,000 after purchasing an additional 36,464 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Fidelis Insurance in the 2nd quarter valued at about $2,381,000. Institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FIHL. JMP Securities reiterated a “market outperform” rating and set a $24.00 price objective on shares of Fidelis Insurance in a report on Friday, August 16th. Barclays started coverage on shares of Fidelis Insurance in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price objective on the stock. Evercore ISI began coverage on shares of Fidelis Insurance in a report on Wednesday, July 17th. They set an “inline” rating and a $19.00 target price for the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.94.

Fidelis Insurance Price Performance

Shares of FIHL opened at $18.26 on Wednesday. The business has a 50-day moving average of $17.86 and a 200-day moving average of $17.75. Fidelis Insurance Holdings Limited has a 1 year low of $11.55 and a 1 year high of $20.53. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 4.43 and a beta of -0.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.15). The business had revenue of $547.10 million for the quarter, compared to the consensus estimate of $582.19 million. Fidelis Insurance had a net margin of 20.96% and a return on equity of 15.67%. As a group, equities research analysts anticipate that Fidelis Insurance Holdings Limited will post 2.94 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Monday, September 16th. Fidelis Insurance’s dividend payout ratio (DPR) is currently 9.71%.

About Fidelis Insurance

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.