Fidelis Insurance Holdings Limited (NYSE:FIHL) Short Interest Update

Fidelis Insurance Holdings Limited (NYSE:FIHL) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 552,400 shares, a drop of 38.0% from the February 28th total of 890,700 shares. Based on an average daily volume of 638,300 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays cut their target price on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. cut their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. UBS Group increased their target price on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Keefe, Bruyette & Woods decreased their target price on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.57.

Institutional Trading of Fidelis Insurance

Hedge funds and other institutional investors have recently modified their holdings of the company. R Squared Ltd acquired a new position in Fidelis Insurance during the fourth quarter worth $26,000. Venturi Wealth Management LLC lifted its position in Fidelis Insurance by 1,862.9% during the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after buying an additional 5,831 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Fidelis Insurance during the 3rd quarter worth about $195,000. Fox Run Management L.L.C. bought a new position in shares of Fidelis Insurance in the 4th quarter valued at about $235,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Fidelis Insurance in the fourth quarter valued at about $247,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Trading Down 0.0 %

Shares of Fidelis Insurance stock traded down $0.01 during trading hours on Friday, hitting $16.21. The company’s stock had a trading volume of 459,768 shares, compared to its average volume of 576,331. The company has a market capitalization of $1.81 billion, a PE ratio of 4.09 and a beta of 0.61. 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 stock has a 50 day moving average of $15.83 and a 200 day moving average of $17.41. Fidelis Insurance has a 12 month low of $14.17 and a 12 month high of $21.32.

Fidelis Insurance (NYSE:FIHL) last posted its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). The business had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. Analysts predict that Fidelis Insurance will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Wednesday, March 12th. Fidelis Insurance’s payout ratio is presently 42.55%.

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.