Rhumbline Advisers Sells 5,356 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Rhumbline Advisers decreased its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 7.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,698 shares of the company’s stock after selling 5,356 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of Fidelis Insurance worth $1,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Zimmer Partners LP purchased a new stake in Fidelis Insurance in the fourth quarter worth about $31,991,000. Citadel Advisors LLC increased its position in Fidelis Insurance by 2,922.7% during the 4th quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company’s stock valued at $28,462,000 after buying an additional 1,517,927 shares in the last quarter. LSV Asset Management purchased a new stake in Fidelis Insurance in the fourth quarter valued at about $24,435,000. Millennium Management LLC boosted its holdings in Fidelis Insurance by 181.2% in the fourth quarter. Millennium Management LLC now owns 825,772 shares of the company’s stock worth $14,971,000 after acquiring an additional 532,110 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Fidelis Insurance by 3,511.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 539,783 shares of the company’s stock worth $9,785,000 after acquiring an additional 524,835 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

FIHL has been the subject of several research analyst reports. Barclays decreased their price objective on shares of Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Citigroup restated an “outperform” rating on shares of Fidelis Insurance in a research note on Friday, May 16th. JPMorgan Chase & Co. lowered their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. JMP Securities boosted their price objective on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a “market outperform” rating in a report on Friday, May 16th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.14.

Fidelis Insurance Stock Performance

Shares of NYSE FIHL opened at $16.17 on Friday. The company has a 50 day simple moving average of $16.74 and a two-hundred day simple moving average of $16.64. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -124.34 and a beta of 0.34. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.19. Fidelis Insurance Holdings Limited has a 12 month low of $14.17 and a 12 month high of $21.32.

Fidelis Insurance (NYSE:FIHL) last posted its earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.02. The company had revenue of $658.40 million during the quarter, compared to the consensus estimate of $578.57 million. Fidelis Insurance had a negative net margin of 0.41% and a positive return on equity of 0.20%. As a group, analysts predict that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be paid 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 2.47%. Fidelis Insurance’s payout ratio is -307.69%.

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.