Quantbot Technologies LP Buys 62,755 Shares of Fidelis Insurance Holdings Limited $FIHL

Quantbot Technologies LP boosted its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 179.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,794 shares of the company’s stock after purchasing an additional 62,755 shares during the quarter. Quantbot Technologies LP’s holdings in Fidelis Insurance were worth $1,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in FIHL. Wells Fargo & Company MN boosted its holdings in Fidelis Insurance by 77.6% in the fourth quarter. Wells Fargo & Company MN now owns 42,484 shares of the company’s stock worth $770,000 after acquiring an additional 18,562 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Fidelis Insurance by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company’s stock worth $1,167,000 after acquiring an additional 1,967 shares in the last quarter. Invesco Ltd. boosted its holdings in Fidelis Insurance by 1.6% in the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock worth $1,656,000 after acquiring an additional 1,475 shares in the last quarter. Legal & General Group Plc boosted its holdings in Fidelis Insurance by 38.8% in the fourth quarter. Legal & General Group Plc now owns 19,971 shares of the company’s stock worth $362,000 after acquiring an additional 5,583 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Fidelis Insurance by 128.4% in the fourth quarter. Renaissance Technologies LLC now owns 118,985 shares of the company’s stock worth $2,157,000 after acquiring an additional 66,885 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Stock Down 0.2%

Shares of FIHL stock opened at $17.5450 on Friday. The stock has a 50 day moving average of $16.17 and a 200 day moving average of $16.18. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.94 billion, a P/E ratio of -42.79 and a beta of 0.25. Fidelis Insurance Holdings Limited has a twelve month low of $14.17 and a twelve month high of $21.32.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.24. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $604.62 million. Fidelis Insurance had a negative return on equity of 1.81% and a negative net margin of 1.70%. As a group, sell-side analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on FIHL shares. Keefe, Bruyette & Woods raised their price target on Fidelis Insurance from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, July 1st. Barclays raised their price objective on Fidelis Insurance from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Monday, July 7th. Citigroup restated an “outperform” rating on shares of Fidelis Insurance in a research note on Friday, May 16th. Zacks Research cut Fidelis Insurance from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 13th. Finally, JMP Securities raised their price objective on Fidelis Insurance from $24.00 to $27.00 and gave the stock a “market outperform” rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fidelis Insurance currently has an average rating of “Hold” and a consensus price target of $20.67.

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.