Citadel Advisors LLC Grows Stock Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Citadel Advisors LLC increased its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 2,922.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,569,863 shares of the company’s stock after purchasing an additional 1,517,927 shares during the period. Citadel Advisors LLC owned approximately 1.33% of Fidelis Insurance worth $28,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Fidelis Insurance by 9.5% in the fourth quarter. Bank of America Corp DE now owns 437,516 shares of the company’s stock valued at $7,932,000 after acquiring an additional 38,015 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Fidelis Insurance during the 4th quarter valued at approximately $522,000. Ameriprise Financial Inc. boosted its holdings in Fidelis Insurance by 31.0% during the fourth quarter. Ameriprise Financial Inc. now owns 119,039 shares of the company’s stock worth $2,158,000 after buying an additional 28,152 shares in the last quarter. Jane Street Group LLC grew its position in Fidelis Insurance by 17.5% during the fourth quarter. Jane Street Group LLC now owns 37,269 shares of the company’s stock valued at $676,000 after buying an additional 5,548 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Fidelis Insurance in the fourth quarter valued at $247,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Trading Up 1.0 %

Shares of FIHL stock opened at $16.98 on Friday. Fidelis Insurance Holdings Limited has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The firm has a market capitalization of $1.90 billion, a P/E ratio of 4.29 and a beta of 0.28. The stock’s fifty day moving average is $15.86 and its two-hundred day moving average is $17.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The business had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. Research analysts expect that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 yield of 2.36%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance’s dividend payout ratio (DPR) is currently 42.55%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their target price on Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report 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 report on Friday, March 7th. Keefe, Bruyette & Woods reduced their target price on Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, Barclays cut their price target 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.71.

Fidelis Insurance 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.