Deutsche Bank AG Has $788,000 Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Deutsche Bank AG increased its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 52.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,455 shares of the company's stock after acquiring an additional 14,975 shares during the quarter. Deutsche Bank AG's holdings in Fidelis Insurance were worth $788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FIHL. Citadel Advisors LLC lifted its holdings in shares of Fidelis Insurance by 2,922.7% in the 4th quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company's stock worth $28,462,000 after acquiring an additional 1,517,927 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Fidelis Insurance during the 4th quarter worth $24,435,000. Dimensional Fund Advisors LP boosted its position in shares of Fidelis Insurance by 3,511.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 539,783 shares of the company's stock worth $9,785,000 after acquiring an additional 524,835 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in Fidelis Insurance by 77.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,166,264 shares of the company's stock valued at $21,144,000 after purchasing an additional 510,699 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Fidelis Insurance in the 4th quarter valued at $7,192,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Stock Up 1.6%

NYSE FIHL traded up $0.28 on Friday, reaching $17.48. The company had a trading volume of 733,147 shares, compared to its average volume of 550,942. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Fidelis Insurance Holdings Limited has a 1 year low of $14.17 and a 1 year high of $21.32. The firm has a 50-day moving average of $16.40 and a 200-day moving average of $16.96. The firm has a market capitalization of $1.93 billion, a PE ratio of 4.41 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.02. The business had revenue of $658.40 million for the quarter, compared to analysts' expectations of $578.57 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. On average, equities research analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance's payout ratio is currently -307.69%.

Analyst Upgrades and Downgrades

FIHL has been the subject of a number of recent research reports. Barclays decreased their price target on shares of 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. Keefe, Bruyette & Woods lowered their price target on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. UBS Group lifted their target price on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Finally, Citigroup reissued an "outperform" rating on shares of Fidelis Insurance in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.14.

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.