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

Fidelis Insurance Holdings Limited (NYSE:FIHL) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 2,160,000 shares, a growth of 87.8% from the August 31st total of 1,150,000 shares. Currently, 4.7% of the company’s shares are sold short. Based on an average trading volume of 548,300 shares, the days-to-cover ratio is presently 3.9 days.

Fidelis Insurance Stock Down 1.6 %

Shares of FIHL stock traded down $0.30 during mid-day trading on Friday, hitting $18.22. The company’s stock had a trading volume of 350,915 shares, compared to its average volume of 604,321. Fidelis Insurance has a 52-week low of $11.55 and a 52-week high of $20.53. The business has a 50-day moving average price of $17.84 and a 200 day moving average price of $17.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 4.42 and a beta of -0.10.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). Fidelis Insurance had a net margin of 20.96% and a return on equity of 15.67%. The firm had revenue of $547.10 million for the quarter, compared to analysts’ expectations of $582.19 million. Research analysts predict that Fidelis Insurance will post 2.94 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, September 16th. Fidelis Insurance’s dividend payout ratio (DPR) is 9.71%.

Wall Street Analysts Forecast Growth

FIHL has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on Fidelis Insurance from $18.50 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Evercore ISI started coverage on Fidelis Insurance in a research note on Wednesday, July 17th. They set an “inline” rating and a $19.00 target price for the company. The Goldman Sachs Group initiated coverage on Fidelis Insurance in a research note on Tuesday, September 17th. They set a “neutral” rating and a $18.50 target price for the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a report on Friday, August 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price objective on shares of Fidelis Insurance in a report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.94.

Institutional Investors Weigh In On Fidelis Insurance

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Fidelis Insurance by 227.4% in the first quarter. Vanguard Group Inc. now owns 562,570 shares of the company’s stock worth $10,959,000 after buying an additional 390,754 shares during the period. Boston Partners raised its holdings in shares of Fidelis Insurance by 213.7% in the first quarter. Boston Partners now owns 714,683 shares of the company’s stock worth $13,922,000 after buying an additional 486,888 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Fidelis Insurance in the first quarter worth approximately $1,287,000. Quadrature Capital Ltd raised its holdings in shares of Fidelis Insurance by 125.0% in the first quarter. Quadrature Capital Ltd now owns 65,639 shares of the company’s stock worth $1,279,000 after buying an additional 36,464 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Fidelis Insurance in the second quarter worth approximately $2,381,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.