Verition Fund Management LLC Decreases Stock Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Verition Fund Management LLC reduced its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 53.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,114 shares of the company's stock after selling 65,347 shares during the period. Verition Fund Management LLC's holdings in Fidelis Insurance were worth $1,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System raised its holdings in Fidelis Insurance by 144.4% during the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company's stock worth $119,000 after purchasing an additional 3,606 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Fidelis Insurance in the second quarter valued at $140,000. Summit Global Investments acquired a new position in Fidelis Insurance in the third quarter valued at $238,000. Intech Investment Management LLC purchased a new position in shares of Fidelis Insurance during the third quarter worth about $269,000. Finally, Caprock Group LLC acquired a new stake in shares of Fidelis Insurance during the second quarter worth about $265,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIHL. JMP Securities reaffirmed a "market outperform" rating and issued a $24.00 target price on shares of Fidelis Insurance in a report on Friday, August 16th. The Goldman Sachs Group assumed coverage on Fidelis Insurance in a research note on Tuesday, September 17th. They set a "neutral" rating and a $18.50 price objective for the company. Barclays started coverage on Fidelis Insurance in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $21.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their price target on Fidelis Insurance from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Fidelis Insurance currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.50.

Fidelis Insurance Trading Down 1.3 %

Shares of Fidelis Insurance stock traded down $0.27 during trading hours on Monday, reaching $19.47. 863,890 shares of the company's stock were exchanged, compared to its average volume of 573,073. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 4.92 and a beta of 0.29. 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 52-week low of $11.80 and a 52-week high of $21.32. The company has a fifty day moving average of $18.69 and a 200-day moving average of $17.72.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, November 29th. Fidelis Insurance's dividend payout ratio is currently 10.10%.

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.