Fidelis Insurance Holdings Limited (NYSE:FIHL) Sees Large Decrease in Short Interest

Fidelis Insurance Holdings Limited (NYSE:FIHL) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 1,121,556 shares, a decline of 19.0% from the January 15th total of 1,384,112 shares. Based on an average daily trading volume, of 320,728 shares, the short-interest ratio is currently 3.5 days. Currently, 1.0% of the shares of the stock are sold short. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 320,728 shares, the short-interest ratio is currently 3.5 days.

Fidelis Insurance Price Performance

FIHL stock traded up $0.30 during trading on Tuesday, reaching $19.95. 281,671 shares of the company were exchanged, compared to its average volume of 321,765. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s 50 day moving average price is $19.18 and its 200 day moving average price is $18.33. Fidelis Insurance has a 52-week low of $14.17 and a 52-week high of $20.12. The company has a market cap of $2.21 billion, a P/E ratio of -399.00 and a beta of 0.25.

Analysts Set New Price Targets

FIHL has been the topic of a number of analyst reports. Evercore set a $21.00 price objective on Fidelis Insurance in a research report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelis Insurance in a research report on Monday, December 29th. The Goldman Sachs Group set a $17.50 price objective on shares of Fidelis Insurance in a report on Saturday, January 17th. Keefe, Bruyette & Woods lifted their target price on Fidelis Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Finally, Wall Street Zen downgraded shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Fidelis Insurance currently has an average rating of “Hold” and a consensus price target of $21.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. North Capital Inc. acquired a new position in shares of Fidelis Insurance in the second quarter worth about $33,000. Focus Partners Wealth bought a new stake in shares of Fidelis Insurance in the third quarter worth $77,000. Ameritas Investment Partners Inc. boosted its stake in Fidelis Insurance by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock valued at $101,000 after acquiring an additional 810 shares during the last quarter. CWM LLC lifted its position in shares of Fidelis Insurance by 444.4% during the second quarter. CWM LLC now owns 7,131 shares of the company’s stock worth $118,000 after purchasing an additional 5,821 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Fidelis Insurance by 58.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock valued at $129,000 after buying an additional 2,885 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Company Profile

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.