SG Americas Securities LLC Sells 97,820 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

SG Americas Securities LLC reduced its position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 85.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,614 shares of the company's stock after selling 97,820 shares during the period. SG Americas Securities LLC's holdings in Fidelis Insurance were worth $301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIHL. Wellington Management Group LLP raised its stake in Fidelis Insurance by 76.4% during the third quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company's stock worth $55,592,000 after acquiring an additional 1,332,896 shares during the period. Empowered Funds LLC acquired a new stake in Fidelis Insurance during the third quarter worth about $6,424,000. Foundry Partners LLC acquired a new stake in shares of Fidelis Insurance in the third quarter valued at approximately $5,065,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Fidelis Insurance in the third quarter valued at approximately $2,068,000. Finally, Loomis Sayles & Co. L P increased its stake in shares of Fidelis Insurance by 12.8% in the third quarter. Loomis Sayles & Co. L P now owns 655,565 shares of the company's stock valued at $11,839,000 after purchasing an additional 74,445 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Stock Up 0.2 %

Shares of Fidelis Insurance stock traded up $0.04 during midday trading on Friday, reaching $16.78. 212,732 shares of the company's stock traded hands, compared to its average volume of 447,119. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 4.24 and a beta of 0.48. The company's 50 day simple moving average is $17.61 and its 200 day simple moving average is $17.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Fidelis Insurance Holdings Limited has a 52 week low of $12.65 and a 52 week high of $21.32.

Analyst Upgrades and Downgrades

Several brokerages have commented on FIHL. Keefe, Bruyette & Woods dropped their price target on shares of Fidelis Insurance from $26.00 to $25.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Barclays decreased their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. The Goldman Sachs Group reiterated a "sell" rating and issued a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $20.86.

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.