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

Fidelis Insurance Holdings Limited (NYSE:FIHL) saw a large 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. Based on an average trading volume of 490,500 shares, the days-to-cover ratio is currently 5.3 days. Approximately 5.9% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FIHL. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. cut their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Barclays reduced their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.86.

Fidelis Insurance Stock Down 0.5 %

NYSE:FIHL opened at $16.62 on Friday. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 4.20 and a beta of 0.53. Fidelis Insurance has a 1 year low of $12.20 and a 1 year high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $18.62 and a two-hundred day moving average price of $18.01.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. 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 payout ratio is presently 10.10%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC bought a new stake in Fidelis Insurance in the 4th quarter valued at $1,008,000. Principal Financial Group Inc. bought a new position in shares of Fidelis Insurance in the third quarter worth $1,144,000. Barclays PLC raised its position in shares of Fidelis Insurance by 306.7% in the 3rd quarter. Barclays PLC now owns 68,184 shares of the company’s stock valued at $1,231,000 after buying an additional 51,419 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Fidelis Insurance by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company’s stock valued at $11,335,000 after purchasing an additional 44,416 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Fidelis Insurance during the third quarter worth about $732,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

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.