Nebula Research & Development LLC Sells 19,524 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Nebula Research & Development LLC trimmed its stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 30.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,321 shares of the company's stock after selling 19,524 shares during the quarter. Nebula Research & Development LLC's holdings in Fidelis Insurance were worth $804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. acquired a new position in Fidelis Insurance during the third quarter worth $1,144,000. Barclays PLC increased its position in shares of Fidelis Insurance by 306.7% during the third quarter. Barclays PLC now owns 68,184 shares of the company's stock worth $1,231,000 after acquiring an additional 51,419 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Fidelis Insurance in the 4th quarter worth about $1,008,000. Kendall Capital Management lifted its position in Fidelis Insurance by 128.3% in the 4th quarter. Kendall Capital Management now owns 45,460 shares of the company's stock valued at $824,000 after acquiring an additional 25,545 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Fidelis Insurance by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company's stock valued at $11,335,000 after purchasing an additional 44,416 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FIHL shares. UBS Group raised their target price on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods dropped their price objective 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. Barclays reduced their target price 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. JPMorgan Chase & Co. dropped their price target 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. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and issued a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Fidelis Insurance presently has a consensus rating of "Hold" and an average price target of $19.71.

Fidelis Insurance Stock Performance

FIHL stock traded up $0.51 during mid-day trading on Friday, hitting $16.62. The company had a trading volume of 379,682 shares, compared to its average volume of 569,643. 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 firm has a market cap of $1.86 billion, a PE ratio of 4.20 and a beta of 0.28. Fidelis Insurance Holdings Limited has a 12 month low of $14.17 and a 12 month high of $21.32. The stock's fifty day moving average price is $15.69 and its two-hundred day moving average price is $17.05.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) 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 company had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. On average, analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.41%. The ex-dividend date was Wednesday, March 12th. Fidelis Insurance's dividend payout ratio (DPR) is currently 42.55%.

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.