Jane Street Group LLC Reduces Stock Position in Fidelis Insurance Holdings Limited (NYSE:FIHL)

Jane Street Group LLC cut its holdings in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 75.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,721 shares of the company’s stock after selling 99,436 shares during the quarter. Jane Street Group LLC’s holdings in Fidelis Insurance were worth $573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FIHL. Empowered Funds LLC acquired a new position in shares of Fidelis Insurance in the 3rd quarter worth approximately $6,424,000. Principal Financial Group Inc. acquired a new position in shares of Fidelis Insurance in the 3rd quarter worth approximately $1,144,000. Interval Partners LP grew its position in shares of Fidelis Insurance by 75.6% in the 2nd quarter. Interval Partners LP now owns 248,116 shares of the company’s stock worth $4,047,000 after acquiring an additional 106,845 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Fidelis Insurance in the 2nd quarter worth approximately $1,196,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Fidelis Insurance in the 2nd quarter worth approximately $566,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Fidelis Insurance Trading Down 3.8 %

NYSE:FIHL opened at $17.29 on Friday. Fidelis Insurance Holdings Limited has a 12-month low of $11.80 and a 12-month high of $21.32. The firm has a market capitalization of $2.04 billion, a P/E ratio of 4.37 and a beta of 0.29. 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 business has a 50 day simple moving average of $18.83 and a 200 day simple moving average of $17.99.

Fidelis Insurance Announces Dividend

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

Wall Street Analysts Forecast Growth

FIHL has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday. Keefe, Bruyette & Woods lifted their target price on Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group began coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price objective for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

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.