Millennium Management LLC Has $4.78 Million Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Millennium Management LLC trimmed its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 32.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 293,094 shares of the company’s stock after selling 143,859 shares during the period. Millennium Management LLC owned approximately 0.25% of Fidelis Insurance worth $4,780,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cambridge Trust Co. acquired a new stake in Fidelis Insurance in the first quarter valued at $58,000. EntryPoint Capital LLC bought a new stake in Fidelis Insurance in the 1st quarter valued at about $63,000. Ameritas Investment Partners Inc. boosted its holdings in Fidelis Insurance by 297.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company’s stock valued at $118,000 after purchasing an additional 4,523 shares during the period. California State Teachers Retirement System boosted its holdings in Fidelis Insurance by 144.4% in the 1st quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock valued at $119,000 after purchasing an additional 3,606 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Fidelis Insurance in the 2nd quarter valued at about $140,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Price Performance

FIHL stock opened at $18.13 on Friday. The company has a 50 day simple moving average of $17.96 and a 200 day simple moving average of $17.70. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 4.75 and a beta of -0.11. Fidelis Insurance Holdings Limited has a 1 year low of $11.55 and a 1 year high of $20.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). The company had revenue of $547.10 million for the quarter, compared to analyst estimates of $582.19 million. Fidelis Insurance had a return on equity of 15.67% and a net margin of 20.96%. Research analysts anticipate that Fidelis Insurance Holdings Limited will post 2.94 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Monday, September 16th. Fidelis Insurance’s payout ratio is 10.47%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FIHL shares. JMP Securities reissued a “market outperform” rating and issued a $24.00 price objective on shares of Fidelis Insurance in a report on Friday, August 16th. Evercore ISI started coverage on shares of Fidelis Insurance in a report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 price objective for the company. Barclays initiated coverage on shares of Fidelis Insurance in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price objective for the company. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. Finally, The Goldman Sachs Group initiated coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 target price for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelis Insurance presently has a consensus rating of “Hold” and an average price target of $20.44.

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.