Keefe, Bruyette & Woods Has Lowered Expectations for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its price target decreased by Keefe, Bruyette & Woods from $26.00 to $25.00 in a research note published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Barclays cut their price objective 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. JPMorgan Chase & Co. reduced their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.86.

Fidelis Insurance Stock Down 2.1 %

Shares of NYSE FIHL opened at $16.16 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.91 billion, a PE ratio of 4.08 and a beta of 0.53. The company’s fifty day simple moving average is $18.76 and its 200 day simple moving average is $18.01. Fidelis Insurance has a 12-month low of $11.94 and a 12-month high of $21.32.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Friday, November 29th. Fidelis Insurance’s payout ratio is currently 10.10%.

Institutional Trading of Fidelis Insurance

Several institutional investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelis Insurance in the 2nd quarter worth approximately $140,000. Y Intercept Hong Kong Ltd bought a new position in Fidelis Insurance in the 3rd quarter valued at $195,000. Summit Global Investments purchased a new stake in shares of Fidelis Insurance during the 3rd quarter valued at $238,000. Intech Investment Management LLC bought a new stake in shares of Fidelis Insurance during the 3rd quarter worth $269,000. Finally, Caprock Group LLC purchased a new position in shares of Fidelis Insurance in the 2nd quarter worth about $265,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Company Profile

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.