SG Americas Securities LLC Sells 97,820 Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL)

SG Americas Securities LLC lowered its position in shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) by 85.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,614 shares of the company’s stock after selling 97,820 shares during the period. SG Americas Securities LLC’s holdings in Fidelis Insurance were worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIHL. Wedge Capital Management L L P NC bought a new stake in Fidelis Insurance in the 4th quarter worth approximately $1,008,000. Principal Financial Group Inc. bought a new stake in shares of Fidelis Insurance in the 3rd quarter worth approximately $1,144,000. Barclays PLC boosted its stake in shares of Fidelis Insurance by 306.7% in the 3rd quarter. Barclays PLC now owns 68,184 shares of the company’s stock valued at $1,231,000 after purchasing an additional 51,419 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Fidelis Insurance by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company’s stock valued at $11,335,000 after purchasing an additional 44,416 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Fidelis Insurance in the 3rd quarter worth $732,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Fidelis Insurance Trading Up 2.6 %

Shares of FIHL opened at $16.69 on Thursday. Fidelis Insurance Holdings Limited has a 1-year low of $12.57 and a 1-year high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm’s 50-day moving average price is $17.76 and its 200-day moving average price is $17.98. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 4.21 and a beta of 0.49.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group restated a “sell” rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, Barclays cut their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Fidelis Insurance has a consensus rating of “Hold” and a consensus price target of $20.86.

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.