Jane Street Group LLC Has $573,000 Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Jane Street Group LLC reduced its holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 75.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,721 shares of the company's stock after selling 99,436 shares during the quarter. Jane Street Group LLC's holdings in Fidelis Insurance were worth $573,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fidelis Insurance during the second quarter worth $140,000. Summit Global Investments acquired a new position in Fidelis Insurance during the 3rd quarter worth about $238,000. Caprock Group LLC bought a new stake in Fidelis Insurance during the 2nd quarter worth about $265,000. Intech Investment Management LLC acquired a new stake in Fidelis Insurance in the 3rd quarter valued at about $269,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Fidelis Insurance by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company's stock worth $283,000 after purchasing an additional 649 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Trading Down 3.8 %

NYSE FIHL traded down $0.69 on Friday, reaching $17.29. The company had a trading volume of 335,139 shares, compared to its average volume of 443,270. Fidelis Insurance Holdings Limited has a 52 week low of $11.80 and a 52 week high of $21.32. The stock's 50 day moving average is $18.83 and its 200-day moving average is $18.00. 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 cap of $2.04 billion, a price-to-earnings ratio of 4.37 and a beta of 0.53.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.31%. Fidelis Insurance's dividend payout ratio is 10.10%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Fidelis Insurance from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lowered their target price on Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday. Finally, The Goldman Sachs Group began coverage on Fidelis Insurance in a research note on Tuesday, September 17th. They set a "neutral" rating and a $18.50 price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Fidelis Insurance presently has an average rating of "Moderate Buy" and a consensus target price of $21.50.

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.