Numerai GP LLC Invests $345,000 in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Numerai GP LLC bought a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,046 shares of the company’s stock, valued at approximately $345,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd acquired a new stake in Fidelis Insurance during the fourth quarter worth approximately $26,000. Venturi Wealth Management LLC increased its stake in shares of Fidelis Insurance by 1,862.9% during the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after purchasing an additional 5,831 shares during the period. Fox Run Management L.L.C. acquired a new stake in Fidelis Insurance during the 4th quarter worth approximately $235,000. Schonfeld Strategic Advisors LLC acquired a new stake in Fidelis Insurance during the 4th quarter worth approximately $247,000. Finally, XTX Topco Ltd bought a new stake in Fidelis Insurance in the 4th quarter valued at $277,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Stock Performance

NYSE FIHL opened at $17.11 on Friday. The firm’s 50 day simple moving average is $16.05 and its 200 day simple moving average is $17.01. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 4.32 and a beta of 0.28. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 1 year low of $14.17 and a 1 year high of $21.32.

Fidelis Insurance (NYSE:FIHL) last released its earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.02. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The firm had revenue of $658.40 million during the quarter, compared to analysts’ expectations of $578.57 million. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.34%. The ex-dividend date is Monday, June 16th. Fidelis Insurance’s dividend payout ratio (DPR) is presently 42.55%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FIHL shares. JPMorgan Chase & Co. lowered their price objective 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. Barclays cut their price target on 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. UBS Group raised their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.71.

About Fidelis Insurance

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.