Walleye Capital LLC Buys Shares of 39,156 Fidelis Insurance Holdings Limited (NYSE:FIHL)

Walleye Capital LLC purchased a new position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) during the fourth quarter, Holdings Channel.com reports. The fund purchased 39,156 shares of the company’s stock, valued at approximately $710,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FIHL. R Squared Ltd bought a new stake in Fidelis Insurance in the fourth quarter valued at $26,000. Sterling Capital Management LLC lifted its position in Fidelis Insurance by 6.5% in the 4th quarter. Sterling Capital Management LLC now owns 23,889 shares of the company’s stock valued at $433,000 after purchasing an additional 1,448 shares during the last quarter. Invesco Ltd. lifted its position in Fidelis Insurance by 1.6% in the 4th quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock valued at $1,656,000 after purchasing an additional 1,475 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Fidelis Insurance by 3.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company’s stock valued at $1,167,000 after purchasing an additional 1,967 shares during the period. Finally, New York State Common Retirement Fund grew its position in Fidelis Insurance by 22.4% in the 4th quarter. New York State Common Retirement Fund now owns 15,311 shares of the company’s stock worth $278,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

FIHL has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Barclays reduced their price target on Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. UBS Group lifted their price objective on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. decreased their target price on shares of Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lowered 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 note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.71.

Fidelis Insurance Stock Down 2.0 %

NYSE FIHL opened at $15.85 on Tuesday. The company has a market capitalization of $1.77 billion, a P/E ratio of 4.00 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 company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company’s 50 day simple moving average is $15.56 and its 200 day simple moving average is $17.13.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). The company had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. Equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.52%. Fidelis Insurance’s payout ratio is presently 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.