Short Interest in Fidelis Insurance Holdings Limited (NYSE:FIHL) Decreases By 29.9%

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 890,700 shares, a decline of 29.9% from the February 13th total of 1,270,000 shares. Based on an average daily trading volume, of 616,800 shares, the short-interest ratio is presently 1.4 days. Currently, 1.6% of the company's shares are short sold.

Analyst Upgrades and Downgrades

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

Remove Ads

Institutional Trading of Fidelis Insurance

A number of large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its position in shares of Fidelis Insurance by 18.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 47,804 shares of the company's stock valued at $867,000 after purchasing an additional 7,300 shares during the period. Voloridge Investment Management LLC lifted its position in Fidelis Insurance by 1,243.1% during the 4th quarter. Voloridge Investment Management LLC now owns 178,320 shares of the company's stock worth $3,233,000 after acquiring an additional 165,043 shares during the period. Zimmer Partners LP acquired a new stake in Fidelis Insurance during the 4th quarter worth approximately $31,991,000. Squarepoint Ops LLC acquired a new stake in Fidelis Insurance during the 4th quarter worth approximately $399,000. Finally, Two Sigma Advisers LP increased its stake in Fidelis Insurance by 52.2% in the 4th quarter. Two Sigma Advisers LP now owns 522,800 shares of the company's stock valued at $9,478,000 after purchasing an additional 179,200 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Trading Up 0.4 %

Shares of FIHL stock traded up $0.06 on Thursday, hitting $15.64. The stock had a trading volume of 444,172 shares, compared to its average volume of 547,421. 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 firm has a market capitalization of $1.75 billion, a P/E ratio of 3.95 and a beta of 0.61. Fidelis Insurance has a 1 year low of $14.17 and a 1 year high of $21.32. The company's 50 day moving average price is $15.91 and its 200-day moving average price is $17.52.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($1.98). The firm had revenue of $685.90 million during the quarter, compared to analysts' expectations of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. Analysts anticipate that Fidelis Insurance will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.56%. Fidelis Insurance's dividend payout ratio (DPR) is presently 42.55%.

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.