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

HBK Investments L P acquired a new position in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the company's stock, valued at approximately $725,000.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd purchased a new position in Fidelis Insurance in the 4th quarter worth $26,000. Venturi Wealth Management LLC raised its position in Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock worth $111,000 after purchasing an additional 5,831 shares during the period. Fox Run Management L.L.C. purchased a new position in Fidelis Insurance in the 4th quarter worth $235,000. XTX Topco Ltd purchased a new position in Fidelis Insurance in the 4th quarter worth $277,000. Finally, New York State Common Retirement Fund increased its position in shares of Fidelis Insurance by 22.4% in the fourth quarter. New York State Common Retirement Fund now owns 15,311 shares of the company's stock valued at $278,000 after acquiring an additional 2,800 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Trading Down 1.1 %

Shares of NYSE FIHL traded down $0.18 during midday trading on Wednesday, hitting $16.36. 89,900 shares of the company traded hands, compared to its average volume of 573,083. Fidelis Insurance Holdings Limited has a 12-month low of $14.17 and a 12-month high of $21.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a 50-day moving average price of $15.56 and a 200 day moving average price of $17.09. The firm has a market cap of $1.83 billion, a P/E ratio of 4.13 and a beta of 0.28.

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). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The business had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. As a group, analysts expect that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance's payout ratio is currently 42.55%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group restated a "sell" rating and issued a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. UBS Group boosted their price objective on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Barclays decreased their price objective on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One investment 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $19.71.

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.