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

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 2,590,000 shares, a growth of 32.1% from the December 15th total of 1,960,000 shares. Currently, 5.9% of the company's stock are sold short. Based on an average daily volume of 490,500 shares, the days-to-cover ratio is presently 5.3 days.

Fidelis Insurance Stock Down 0.5 %

FIHL traded down $0.08 during trading on Friday, hitting $16.62. The company had a trading volume of 416,195 shares, compared to its average volume of 439,003. Fidelis Insurance has a 1-year low of $12.20 and a 1-year high of $21.32. 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 company has a market cap of $1.96 billion, a PE ratio of 4.20 and a beta of 0.53. The business has a 50-day moving average of $18.62 and a 200-day moving average of $18.03.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.41%. Fidelis Insurance's dividend payout ratio (DPR) is presently 10.10%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Fidelis Insurance

A number of hedge funds have recently bought and sold shares of FIHL. Wellington Management Group LLP increased its stake in Fidelis Insurance by 76.4% during the third quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company's stock valued at $55,592,000 after purchasing an additional 1,332,896 shares during the last quarter. Ghisallo Capital Management LLC boosted its holdings in shares of Fidelis Insurance by 1,038.8% in the 2nd quarter. Ghisallo Capital Management LLC now owns 400,000 shares of the company's stock valued at $6,524,000 after buying an additional 364,875 shares during the period. Empowered Funds LLC bought a new stake in shares of Fidelis Insurance during the 3rd quarter valued at about $6,424,000. Foundry Partners LLC acquired a new stake in Fidelis Insurance during the third quarter worth about $5,065,000. Finally, Marshall Wace LLP lifted its holdings in Fidelis Insurance by 836.3% in the second quarter. Marshall Wace LLP now owns 154,663 shares of the company's stock worth $2,523,000 after acquiring an additional 138,144 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.