Fidelis Insurance Holdings Limited (NYSE:FIHL – Get Free Report) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 890,700 shares, a decline of 29.9% from the February 13th total of 1,270,000 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 616,800 shares, the days-to-cover ratio is currently 1.4 days.
Fidelis Insurance Trading Up 3.0 %
FIHL stock traded up $0.46 during midday trading on Monday, reaching $15.60. 581,753 shares of the company traded hands, compared to its average volume of 548,642. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 3.94 and a beta of 0.61. Fidelis Insurance has a 52-week low of $14.17 and a 52-week high of $21.32. The business has a 50 day moving average of $15.96 and a 200-day moving average of $17.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.
Fidelis Insurance (NYSE:FIHL – Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The company had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. As a group, sell-side analysts expect that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.
Fidelis Insurance Announces Dividend
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on FIHL shares. UBS Group boosted their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Barclays lowered their target price on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 20th. The Goldman Sachs Group reissued a “sell” rating and issued a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Fidelis Insurance has a consensus rating of “Hold” and a consensus target price of $20.57.
View Our Latest Analysis on Fidelis Insurance
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Principal Financial Group Inc. purchased a new position in Fidelis Insurance during the 3rd quarter worth $1,144,000. Empowered Funds LLC bought a new position in shares of Fidelis Insurance during the 3rd quarter worth $6,424,000. Barclays PLC increased its stake in shares of Fidelis Insurance by 306.7% during the third 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 during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Fidelis Insurance in the third quarter valued at about $732,000. Finally, Wedge Capital Management L L P NC purchased a new stake in Fidelis Insurance in the fourth quarter worth about $1,008,000. Hedge funds and other institutional investors 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.
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