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

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 753,600 shares, a drop of 13.3% from the April 30th total of 868,900 shares. Based on an average daily volume of 631,000 shares, the short-interest ratio is presently 1.2 days. Approximately 1.4% of the shares of the company are sold short.

Fidelis Insurance Price Performance

Shares of FIHL traded down $0.11 during trading hours on Friday, hitting $17.50. The stock had a trading volume of 349,682 shares, compared to its average volume of 556,138. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Fidelis Insurance has a 52 week low of $14.17 and a 52 week high of $21.32. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 4.42 and a beta of 0.34. The company's fifty day moving average is $16.57 and its two-hundred day moving average is $16.84.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.02. The firm had revenue of $658.40 million for the quarter, compared to the consensus estimate of $578.57 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. On average, analysts anticipate that Fidelis Insurance will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.29%. Fidelis Insurance's dividend payout ratio is currently -307.69%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Fidelis Insurance by 2.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company's stock worth $529,000 after acquiring an additional 661 shares during the period. R Squared Ltd acquired a new position in Fidelis Insurance in the 4th quarter valued at approximately $26,000. Sterling Capital Management LLC increased its position in shares of Fidelis Insurance by 6.5% during the fourth quarter. Sterling Capital Management LLC now owns 23,889 shares of the company's stock worth $433,000 after buying an additional 1,448 shares during the period. Invesco Ltd. increased its position in shares of Fidelis Insurance by 1.6% during the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company's stock worth $1,656,000 after buying an additional 1,475 shares during the period. Finally, Uniplan Investment Counsel Inc. grew its holdings in Fidelis Insurance by 0.9% in the first quarter. Uniplan Investment Counsel Inc. now owns 208,868 shares of the company's stock worth $3,384,000 after purchasing an additional 1,793 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FIHL shares. Citigroup restated an "outperform" rating on shares of Fidelis Insurance in a research note on Friday, May 16th. JMP Securities raised their target price on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a "market outperform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. lowered their target price on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. UBS Group raised their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Finally, Barclays lowered their target price on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $20.14.

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.