396,680 Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL) Acquired by Marshall Wace LLP

Marshall Wace LLP purchased a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 396,680 shares of the company's stock, valued at approximately $7,192,000. Marshall Wace LLP owned 0.34% of Fidelis Insurance as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in FIHL. R Squared Ltd acquired a new stake in Fidelis Insurance in the fourth quarter valued at approximately $26,000. Venturi Wealth Management LLC lifted its stake in Fidelis Insurance by 1,862.9% in the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock valued at $111,000 after acquiring an additional 5,831 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Fidelis Insurance in the fourth quarter valued at approximately $235,000. XTX Topco Ltd acquired a new stake in shares of Fidelis Insurance in the fourth quarter worth $277,000. Finally, New York State Common Retirement Fund lifted its stake 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 worth $278,000 after buying 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 Price Performance

NYSE FIHL traded up $0.03 during trading on Monday, reaching $16.22. 427,105 shares of the company traded hands, compared to its average volume of 579,707. 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's 50 day moving average price is $15.56 and its two-hundred day moving average price is $17.10. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 4.10 and a beta of 0.28. Fidelis Insurance Holdings Limited has a 1-year low of $14.17 and a 1-year high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted 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 net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. As a group, analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Wednesday, March 12th. Fidelis Insurance's dividend payout ratio (DPR) is currently 42.55%.

Wall Street Analyst Weigh In

FIHL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced 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. The Goldman Sachs Group restated a "sell" rating and issued a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. 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 research report on Friday, March 7th. Keefe, Bruyette & Woods dropped their target price 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. Finally, Barclays dropped their target price 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Fidelis Insurance presently has a consensus rating of "Hold" and a consensus price target of $19.71.

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.