HBK Investments L P Invests $725,000 in Fidelis Insurance Holdings Limited (NYSE:FIHL)

HBK Investments L P acquired a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 40,000 shares of the company's stock, valued at approximately $725,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. acquired a new position in shares of Fidelis Insurance during the 3rd quarter worth about $1,144,000. Barclays PLC boosted its position in shares of Fidelis Insurance by 306.7% during the 3rd quarter. Barclays PLC now owns 68,184 shares of the company's stock worth $1,231,000 after acquiring an additional 51,419 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Fidelis Insurance during the 4th quarter worth about $1,008,000. Kendall Capital Management boosted its position in shares of Fidelis Insurance by 128.3% during the 4th quarter. Kendall Capital Management now owns 45,460 shares of the company's stock worth $824,000 after acquiring an additional 25,545 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Fidelis Insurance by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company's stock worth $11,335,000 after acquiring an additional 44,416 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIHL has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a "sell" rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Barclays decreased their target price on 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. UBS Group upped their target price on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods decreased their target price on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their target price on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $19.71.

Fidelis Insurance Stock Performance

FIHL traded up $0.03 on Monday, hitting $16.22. 427,105 shares of the company traded hands, compared to its average volume of 579,707. The company has a 50 day moving average of $15.56 and a 200-day moving average of $17.10. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.81 billion, a PE ratio of 4.10 and a beta of 0.28. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of $0.93 by ($1.98). The company had revenue of $685.90 million for the quarter, compared to analysts' expectations of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. Sell-side analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance's dividend payout ratio (DPR) is 42.55%.

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.