Walleye Capital LLC bought a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,156 shares of the company's stock, valued at approximately $710,000.
Several other hedge funds have also recently bought and sold shares of the stock. R Squared Ltd bought a new position in shares of Fidelis Insurance during the fourth quarter worth about $26,000. Venturi Wealth Management LLC boosted its position in Fidelis Insurance by 1,862.9% during the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock worth $111,000 after acquiring an additional 5,831 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Fidelis Insurance during the 4th quarter worth approximately $235,000. XTX Topco Ltd acquired a new stake in shares of Fidelis Insurance in the fourth quarter valued at approximately $277,000. Finally, New York State Common Retirement Fund boosted its holdings in Fidelis Insurance by 22.4% during the fourth quarter. New York State Common Retirement Fund now owns 15,311 shares of the company's stock worth $278,000 after purchasing an additional 2,800 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.
Fidelis Insurance Stock Performance
Shares of NYSE FIHL traded down $0.29 during midday trading on Friday, hitting $16.18. 393,567 shares of the company's stock were exchanged, compared to its average volume of 578,597. Fidelis Insurance Holdings Limited has a 12 month low of $14.17 and a 12 month high of $21.32. The company's 50 day moving average price is $15.57 and its 200 day moving average price is $17.12. 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 firm has a market capitalization of $1.81 billion, a PE ratio of 4.09 and a beta of 0.28.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). The company had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. As a group, analysts predict that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.
Fidelis Insurance Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.47%. Fidelis Insurance's dividend payout ratio is currently 42.55%.
Analyst Ratings Changes
Several brokerages have commented on FIHL. The Goldman Sachs Group reissued a "sell" rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Barclays decreased their price target on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. dropped their price objective on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price objective on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, UBS Group boosted their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.71.
Get Our Latest Research Report on FIHL
Fidelis Insurance Profile
(
Free Report)
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.
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