Fidelis Insurance Holdings Limited (NYSE:FIHL – Get Free Report)’s share price was up 2.3% during mid-day trading on Friday. The stock traded as high as $26.2650 and last traded at $26.21. Approximately 411,563 shares were traded during trading, an increase of 15% from the average daily volume of 358,382 shares. The stock had previously closed at $25.63.
Fidelis Insurance Price Performance
The firm has a 50 day moving average price of $24.44 and a two-hundred day moving average price of $23.50. The company has a market cap of $2.50 billion, a P/E ratio of 11.71 and a beta of 0.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74.
Hedge Funds Weigh In On Fidelis Insurance
A number of hedge funds and other institutional investors have recently modified their holdings of FIHL. Citizens Financial Group Inc. RI purchased a new stake in shares of Fidelis Insurance in the 2nd quarter worth about $980,000. Bank of America Corp DE raised its stake in Fidelis Insurance by 31.1% in the first quarter. Bank of America Corp DE now owns 155,101 shares of the company’s stock worth $2,964,000 after buying an additional 36,811 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Fidelis Insurance by 59.1% in the first quarter. Quantinno Capital Management LP now owns 26,991 shares of the company’s stock worth $516,000 after buying an additional 10,029 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Fidelis Insurance by 28.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 208,605 shares of the company’s stock worth $3,986,000 after buying an additional 46,387 shares during the period. Finally, Sei Investments Co. bought a new stake in Fidelis Insurance during the 1st quarter valued at approximately $200,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
Fidelis Insurance Company Profile
Fidelis Insurance Holdings Limited is a specialty insurance and reinsurance company that operates through platforms in Bermuda, the United Kingdom and the United States. The company provides insurance solutions for complex and customized risks that may not be fully served by standard commercial insurers.
Its business includes bespoke insurance, specialty insurance and reinsurance products. Fidelis serves a range of industries and risk categories, including property, energy, marine, aviation, financial and professional lines, casualty and other specialty markets.
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