Fidelis Insurance Holdings Limited (NYSE:FIHL) Short Interest Up 37.6% in March

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 759,900 shares, an increase of 37.6% from the March 15th total of 552,400 shares. Based on an average trading volume of 683,300 shares, the short-interest ratio is presently 1.1 days. Approximately 1.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently made changes to their positions in the stock. R Squared Ltd purchased a new position in Fidelis Insurance in the fourth quarter worth approximately $26,000. Garde Capital Inc. acquired a new position in shares of Fidelis Insurance during the first quarter worth $62,000. GAMMA Investing LLC increased its holdings in Fidelis Insurance by 1,267.3% in the first quarter. GAMMA Investing LLC now owns 4,471 shares of the company's stock valued at $72,000 after buying an additional 4,144 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Fidelis Insurance by 1,862.9% in the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock valued at $111,000 after buying an additional 5,831 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Fidelis Insurance in the third quarter valued at $195,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Trading Down 0.3 %

Shares of NYSE FIHL traded down $0.05 during trading on Thursday, reaching $16.50. The stock had a trading volume of 170,875 shares, compared to its average volume of 576,664. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $1.84 billion, a P/E ratio of 4.17 and a beta of 0.28. Fidelis Insurance has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The business's 50-day moving average price is $15.56 and its 200-day moving average price is $17.12.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. On average, equities research analysts predict that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were paid a $0.10 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 2.42%. Fidelis Insurance's dividend payout ratio (DPR) is 42.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FIHL shares. Keefe, Bruyette & Woods dropped their price target on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Barclays cut their target price 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. UBS Group boosted their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, March 7th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Fidelis Insurance currently has an average rating of "Hold" and a consensus price target of $19.71.

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.