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

Fidelis Insurance Holdings Limited (NYSE:FIHL) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,447,331 shares, a growth of 38.4% from the February 26th total of 1,045,903 shares. Based on an average trading volume of 525,644 shares, the short-interest ratio is presently 2.8 days. Currently, 1.5% of the shares of the company are sold short.

Fidelis Insurance Price Performance

FIHL traded down $0.39 during midday trading on Friday, reaching $18.78. 356,767 shares of the company’s stock were exchanged, compared to its average volume of 471,469. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $19.15 and a two-hundred day simple moving average of $18.75. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 8.50 and a beta of 0.25. Fidelis Insurance has a one year low of $14.67 and a one year high of $20.50.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Thursday, February 26th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.13. The company had revenue of $600.90 million for the quarter, compared to analyst estimates of $756.14 million. Fidelis Insurance had a return on equity of 8.62% and a net margin of 9.02%. As a group, research analysts predict that Fidelis Insurance will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 16th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, March 16th. Fidelis Insurance’s dividend payout ratio is 27.15%.

Fidelis Insurance declared that its board has initiated a stock repurchase program on Friday, February 20th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to repurchase up to 18% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have commented on FIHL shares. Keefe, Bruyette & Woods raised their price objective on Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Wall Street Zen cut Fidelis Insurance from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. UBS Group raised their target price on Fidelis Insurance from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Weiss Ratings upgraded shares of Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 6th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price target (up from $19.00) on shares of Fidelis Insurance in a report on Wednesday, January 7th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Fidelis Insurance presently has a consensus rating of “Hold” and an average price target of $22.36.

Institutional Investors Weigh In On Fidelis Insurance

Several institutional investors and hedge funds have recently made changes to their positions in FIHL. Cooperman Leon G raised its stake in shares of Fidelis Insurance by 14.8% in the third quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock worth $120,924,000 after acquiring an additional 856,413 shares during the last quarter. LSV Asset Management grew its position in shares of Fidelis Insurance by 46.1% during the 4th quarter. LSV Asset Management now owns 4,377,732 shares of the company’s stock worth $85,672,000 after buying an additional 1,382,352 shares during the period. Dimensional Fund Advisors LP grew its holdings in Fidelis Insurance by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,787,134 shares of the company’s stock valued at $54,545,000 after purchasing an additional 163,628 shares during the period. Royce & Associates LP grew its holdings in shares of Fidelis Insurance by 2,333.5% in the 3rd quarter. Royce & Associates LP now owns 1,591,259 shares of the company’s stock valued at $28,881,000 after buying an additional 1,525,868 shares during the period. Finally, Loomis Sayles & Co. L P grew its holdings in shares of Fidelis Insurance by 12.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,303,167 shares of the company’s stock valued at $21,607,000 after buying an additional 142,089 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

About Fidelis Insurance

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.