Dark Forest Capital Management LP Sells 26,602 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Dark Forest Capital Management LP lessened its stake in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 53.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,095 shares of the company's stock after selling 26,602 shares during the quarter. Dark Forest Capital Management LP's holdings in Fidelis Insurance were worth $419,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in shares of Fidelis Insurance in the third quarter valued at $1,144,000. Barclays PLC lifted its position in Fidelis Insurance by 306.7% in the 3rd quarter. Barclays PLC now owns 68,184 shares of the company's stock valued at $1,231,000 after acquiring an additional 51,419 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Fidelis Insurance during the 4th quarter valued at about $1,008,000. Kendall Capital Management increased its holdings in Fidelis Insurance by 128.3% during the 4th quarter. Kendall Capital Management now owns 45,460 shares of the company's stock worth $824,000 after purchasing an additional 25,545 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Fidelis Insurance by 7.6% in the third quarter. Geode Capital Management LLC now owns 627,616 shares of the company's stock worth $11,335,000 after purchasing an additional 44,416 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 FIHL stock traded up $0.41 during trading hours on Friday, hitting $16.52. 99,639 shares of the company were exchanged, compared to its average volume of 568,263. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 4.17 and a beta of 0.28. The firm has a fifty day simple moving average of $15.65 and a 200 day simple moving average of $17.06. Fidelis Insurance Holdings Limited has a 52-week low of $14.17 and a 52-week high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The firm had revenue of $685.90 million during the quarter, compared to analysts' expectations of $661.52 million. Research analysts predict that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.42%. Fidelis Insurance's payout ratio is 42.55%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIHL. 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 report on Friday, April 11th. UBS Group increased their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, March 7th. The Goldman Sachs Group restated a "sell" rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods cut their target price on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.