D. E. Shaw & Co. Inc. Sells 3,668 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

D. E. Shaw & Co. Inc. cut its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,777 shares of the company’s stock after selling 3,668 shares during the period. D. E. Shaw & Co. Inc. owned 0.11% of Fidelis Insurance worth $2,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FIHL. Wedge Capital Management L L P NC bought a new position in shares of Fidelis Insurance in the fourth quarter worth about $1,008,000. R Squared Ltd bought a new stake in shares of Fidelis Insurance during the fourth quarter worth approximately $26,000. Empowered Funds LLC raised its stake in shares of Fidelis Insurance by 21.9% during the fourth quarter. Empowered Funds LLC now owns 433,559 shares of the company’s stock worth $7,860,000 after buying an additional 77,851 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Fidelis Insurance by 5.1% during the fourth quarter. Rhumbline Advisers now owns 76,054 shares of the company’s stock worth $1,379,000 after buying an additional 3,689 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Fidelis Insurance by 10.7% during the fourth quarter. Principal Financial Group Inc. now owns 70,149 shares of the company’s stock worth $1,272,000 after buying an additional 6,786 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. UBS Group boosted their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Barclays dropped 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 research note on Friday, April 11th. JMP Securities upped their target price on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a “market outperform” rating in a research note on Friday, May 16th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Fidelis Insurance in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.14.

Fidelis Insurance Price Performance

FIHL stock opened at $17.44 on Wednesday. The company’s 50-day moving average price is $16.23 and its two-hundred day moving average price is $17.02. Fidelis Insurance Holdings Limited has a 12 month low of $14.17 and a 12 month high of $21.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.93 billion, a P/E ratio of 4.40 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.02. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The company had revenue of $658.40 million for the quarter, compared to the consensus estimate of $578.57 million. On average, analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.29%. Fidelis Insurance’s dividend payout ratio (DPR) is currently -307.69%.

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.