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

Fidelis Insurance Holdings Limited (NYSE:FIHL) was the target of a large growth in short interest in 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 daily volume of 525,644 shares, the short-interest ratio is presently 2.8 days. Approximately 1.5% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FIHL shares. Wall Street Zen downgraded Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. The Goldman Sachs Group set a $17.50 price objective on Fidelis Insurance in a research report on Saturday, January 17th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $21.00 price objective (up from $19.00) on shares of Fidelis Insurance in a research note on Wednesday, January 7th. Evercore set a $21.00 price target on shares of Fidelis Insurance in a report on Wednesday, January 7th. Finally, Weiss Ratings upgraded shares of Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.36.

Fidelis Insurance Stock Performance

FIHL traded up $0.40 on Monday, hitting $19.15. The company’s stock had a trading volume of 409,406 shares, compared to its average volume of 422,078. Fidelis Insurance has a 12 month low of $14.67 and a 12 month high of $20.50. The firm has a market cap of $1.85 billion, a P/E ratio of 8.66 and a beta of 0.25. 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 company’s 50 day simple moving average is $19.15 and its 200-day simple moving average is $18.75.

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

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 16th were paid a $0.15 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.60 annualized dividend and a yield of 3.1%. Fidelis Insurance’s dividend payout ratio is currently 27.15%.

Fidelis Insurance announced that its Board of Directors has initiated a share buyback program on Friday, February 20th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 18% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cooperman Leon G grew its stake in Fidelis Insurance by 14.8% in the 3rd quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock worth $120,924,000 after buying an additional 856,413 shares in the last quarter. LSV Asset Management lifted its holdings 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 acquiring an additional 1,382,352 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Fidelis Insurance by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,787,134 shares of the company’s stock worth $54,545,000 after acquiring an additional 163,628 shares in the last quarter. Royce & Associates LP increased its stake in Fidelis Insurance by 2,333.5% in the third quarter. Royce & Associates LP now owns 1,591,259 shares of the company’s stock valued at $28,881,000 after acquiring an additional 1,525,868 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in Fidelis Insurance by 12.2% in the second quarter. Loomis Sayles & Co. L P now owns 1,303,167 shares of the company’s stock valued at $21,607,000 after acquiring an additional 142,089 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

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.