Fidelis Insurance (NYSE:FIHL) Stock Price Up 0.6% – Here’s What Happened

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) rose 0.6% on Tuesday. The company traded as high as $23.7650 and last traded at $23.67. Approximately 441,262 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 358,382 shares. The stock had previously closed at $23.54.

Fidelis Insurance Stock Up 1.5%

The stock has a market cap of $2.31 billion, a P/E ratio of 10.82 and a beta of 0.36. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $24.72 and a 200-day simple moving average of $22.67.

Institutional Trading of Fidelis Insurance

Several hedge funds have recently added to or reduced their stakes in FIHL. First Trust Advisors LP acquired a new position in shares of Fidelis Insurance during the first quarter worth approximately $199,000. Sei Investments Co. acquired a new stake in shares of Fidelis Insurance in the first quarter worth $200,000. Counterpoint Mutual Funds LLC acquired a new position in Fidelis Insurance during the 1st quarter valued at $323,000. Quantinno Capital Management LP boosted its holdings in Fidelis Insurance by 59.1% in the 1st quarter. Quantinno Capital Management LP now owns 26,991 shares of the company’s stock valued at $516,000 after purchasing an additional 10,029 shares during the period. Finally, Savant Capital LLC boosted its holdings in Fidelis Insurance by 73.3% in the 4th quarter. Savant Capital LLC now owns 34,754 shares of the company’s stock valued at $680,000 after purchasing an additional 14,694 shares during the period. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited (NYSE: FIHL) is a Bermuda-based specialty insurance and reinsurance company. The company provides coverage for complex and hard-to-place risks, using underwriting expertise and data-driven analysis to design insurance solutions for commercial clients, brokers and other insurance organizations.

Fidelis offers specialty products across areas that may include property, energy, marine, aviation, casualty, cyber, financial lines and other customized risks.