Fidelis Insurance Holdings Limited (NYSE:FIHL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 75.8% in the third quarter, HoldingsChannel reports. The fund owned 31,721 shares of the company’s stock after selling 99,436 shares during the period. Jane Street Group LLC’s holdings in Fidelis Insurance were worth $573,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in Fidelis Insurance during the 2nd quarter worth $140,000. Summit Global Investments bought a new stake in shares of Fidelis Insurance in the 3rd quarter worth $238,000. Caprock Group LLC bought a new stake in shares of Fidelis Insurance in the 2nd quarter worth $265,000. Intech Investment Management LLC bought a new stake in shares of Fidelis Insurance in the 3rd quarter worth $269,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Fidelis Insurance by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock worth $283,000 after buying an additional 649 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FIHL shares. JPMorgan Chase & Co. dropped their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday. Keefe, Bruyette & Woods boosted their price objective on Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group began coverage on Fidelis Insurance in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.50.

Fidelis Insurance Stock Down 3.8 %

Shares of Fidelis Insurance stock opened at $17.29 on Friday. The stock’s fifty day moving average is $18.83 and its 200-day moving average is $17.99. The firm has a market capitalization of $2.04 billion, a PE ratio of 4.37 and a beta of 0.29. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance Holdings Limited has a 12-month low of $11.80 and a 12-month high of $21.32.

Fidelis Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Friday, November 29th. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

Fidelis Insurance Company 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.