Jane Street Group LLC Increases Holdings in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Jane Street Group LLC grew its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 17.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,269 shares of the company’s stock after purchasing an additional 5,548 shares during the quarter. Jane Street Group LLC’s holdings in Fidelis Insurance were worth $676,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FIHL. R Squared Ltd purchased a new stake in shares of Fidelis Insurance during the 4th quarter valued at $26,000. Venturi Wealth Management LLC increased its position in shares of Fidelis Insurance by 1,862.9% during the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock valued at $111,000 after purchasing an additional 5,831 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Fidelis Insurance during the 4th quarter worth $235,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Fidelis Insurance during the 4th quarter worth $247,000. Finally, XTX Topco Ltd bought a new position in shares of Fidelis Insurance during the 4th quarter worth $277,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Stock Performance

Shares of NYSE FIHL opened at $16.42 on Monday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 4.15 and a beta of 0.28. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 1-year low of $14.17 and a 1-year high of $21.32. The stock’s 50-day moving average is $16.31 and its 200 day moving average is $16.99.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.02. The company had revenue of $658.40 million for the quarter, compared to analysts’ expectations of $578.57 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. On average, sell-side analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be paid a $0.10 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.44%. Fidelis Insurance’s dividend payout ratio (DPR) is currently -307.69%.

Analysts Set New Price Targets

Several research firms have recently weighed in on FIHL. Citigroup reiterated an “outperform” rating on shares of Fidelis Insurance in a research note on Friday, May 16th. UBS Group increased 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. Keefe, Bruyette & Woods cut their price target on Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. JMP Securities increased their price target on Fidelis Insurance from $24.00 to $27.00 and gave the stock a “market outperform” rating in a research note on Friday, May 16th. Finally, Barclays cut their price target on 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Fidelis Insurance currently has an average rating of “Hold” and an average price target of $20.14.

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.