Tudor Investment Corp ET AL Buys 125,572 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

Tudor Investment Corp ET AL boosted its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) by 1,087.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 137,121 shares of the company's stock after buying an additional 125,572 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.12% of Fidelis Insurance worth $2,486,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FIHL. Principal Financial Group Inc. bought a new stake in Fidelis Insurance in the third quarter valued at $1,144,000. Wedge Capital Management L L P NC purchased a new position in shares of Fidelis Insurance during the fourth quarter valued at about $1,008,000. Kendall Capital Management raised its stake in Fidelis Insurance by 128.3% in the fourth quarter. Kendall Capital Management now owns 45,460 shares of the company's stock worth $824,000 after buying an additional 25,545 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Fidelis Insurance during the 4th quarter worth approximately $1,142,000. Finally, Sei Investments Co. raised its position in shares of Fidelis Insurance by 8.6% in the 4th quarter. Sei Investments Co. now owns 261,862 shares of the company's stock worth $4,748,000 after acquiring an additional 20,829 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on FIHL. Keefe, Bruyette & Woods reduced their price target 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 lowered 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 report on Friday, April 11th. JPMorgan Chase & Co. lowered 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. Finally, UBS Group increased their target price on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $19.71.

Fidelis Insurance Stock Performance

Shares of NYSE:FIHL traded up $0.11 during trading on Friday, hitting $16.93. The company's stock had a trading volume of 170,610 shares, compared to its average volume of 568,559. The company has a 50-day moving average of $15.81 and a 200-day moving average of $17.03. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 4.28 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.

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 company had revenue of $685.90 million during the quarter, compared to analysts' expectations of $661.52 million. On average, sell-side analysts expect that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.36%. Fidelis Insurance's payout ratio is 42.55%.

About Fidelis Insurance

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.