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

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,660,000 shares, a growth of 17.7% from the April 15th total of 1,410,000 shares. Based on an average daily volume of 674,100 shares, the days-to-cover ratio is presently 2.5 days. Currently, 4.1% of the company's shares are short sold.

Fidelis Insurance Stock Up 0.2 %

Shares of NYSE:FIHL traded up $0.03 during midday trading on Thursday, hitting $18.44. The stock had a trading volume of 274,953 shares, compared to its average volume of 604,312. The business's 50-day simple moving average is $18.86 and its 200-day simple moving average is $15.17. Fidelis Insurance has a 12 month low of $11.55 and a 12 month high of $20.53. The company has a market cap of $2.17 billion and a P/E ratio of 4.48. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 0.18.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). Fidelis Insurance had a return on equity of 17.97% and a net margin of 23.31%. The business had revenue of $520.00 million for the quarter, compared to the consensus estimate of $585.88 million. On average, sell-side analysts forecast that Fidelis Insurance will post 3.24 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, June 14th. This represents a $0.40 annualized dividend and a yield of 2.17%. Fidelis Insurance's dividend payout ratio is currently 9.71%.

Institutional Investors Weigh In On Fidelis Insurance

A number of large investors have recently modified their holdings of FIHL. Pine Brook Road Advisors L.P. bought a new position in Fidelis Insurance in the 4th quarter valued at approximately $107,116,000. Victory Capital Management Inc. bought a new position in shares of Fidelis Insurance in the 3rd quarter valued at $15,784,000. Vanguard Group Inc. grew its position in Fidelis Insurance by 227.4% during the 1st quarter. Vanguard Group Inc. now owns 562,570 shares of the company's stock worth $10,959,000 after acquiring an additional 390,754 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Fidelis Insurance during the 1st quarter worth $4,613,000. Finally, Zweig DiMenna Associates LLC acquired a new position in Fidelis Insurance in the 1st quarter worth about $3,431,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on FIHL shares. JPMorgan Chase & Co. upped their target price on shares of Fidelis Insurance from $17.00 to $17.50 and gave the company a "neutral" rating in a research report on Monday, April 8th. UBS Group dropped their price target on Fidelis Insurance from $22.50 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods upped their price objective on Fidelis Insurance from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 10th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $24.00 price objective on shares of Fidelis Insurance in a report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Fidelis Insurance has an average rating of "Moderate Buy" and an average target price of $18.94.

About Fidelis Insurance

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.