Walleye Capital LLC Acquires New Shares in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Walleye Capital LLC acquired a new stake in Fidelis Insurance Holdings Limited (NYSE:FIHL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 39,156 shares of the company's stock, valued at approximately $710,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in Fidelis Insurance during the fourth quarter worth $26,000. Venturi Wealth Management LLC grew its holdings in Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock valued at $111,000 after buying an additional 5,831 shares during the period. Fox Run Management L.L.C. purchased a new position in Fidelis Insurance during the fourth quarter worth approximately $235,000. XTX Topco Ltd acquired a new stake in shares of Fidelis Insurance during the 4th quarter worth $277,000. Finally, New York State Common Retirement Fund increased its stake in Fidelis Insurance by 22.4% during the fourth quarter. New York State Common Retirement Fund now owns 15,311 shares of the company's stock worth $278,000 after acquiring 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 Stock Performance

Shares of NYSE FIHL traded down $0.29 during midday trading on Friday, reaching $16.18. 393,567 shares of the company traded hands, compared to its average volume of 580,320. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 4.09 and a beta of 0.28. The stock has a 50-day moving average price of $15.56 and a 200 day moving average price of $17.10. Fidelis Insurance Holdings Limited has a 52 week low of $14.17 and a 52 week high of $21.32. 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 (NYSE:FIHL - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $661.52 million. Sell-side analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 2.47%. Fidelis Insurance's dividend payout ratio is currently 42.55%.

Analyst Upgrades and Downgrades

FIHL has been the topic of a number of recent research reports. Barclays reduced 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. UBS Group lifted their price target on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered their price target on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. 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 report on Wednesday, April 9th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.