Keefe, Bruyette & Woods Cuts Fidelis Insurance (NYSE:FIHL) Price Target to $20.00

Fidelis Insurance (NYSE:FIHL) had its price objective dropped by equities researchers at Keefe, Bruyette & Woods from $22.00 to $20.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 29.28% from the stock’s previous close.

Several other equities analysts have also commented on the stock. UBS Group increased their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, March 7th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Barclays decreased their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. dropped their target price on Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Fidelis Insurance currently has an average rating of “Hold” and a consensus target price of $20.00.

Fidelis Insurance Trading Down 1.3 %

Shares of Fidelis Insurance stock opened at $15.47 on Wednesday. The company has a 50 day simple moving average of $15.65 and a two-hundred day simple moving average of $17.25. The firm has a market cap of $1.73 billion, a PE ratio of 3.91 and a beta of 0.28. Fidelis Insurance has a 1 year low of $14.17 and a 1 year high of $21.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of $0.93 by ($1.98). The firm had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. Analysts expect that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FIHL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Fidelis Insurance by 2.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company’s stock worth $529,000 after buying an additional 661 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Fidelis Insurance by 4.4% during the third quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company’s stock valued at $327,000 after acquiring an additional 770 shares in the last quarter. R Squared Ltd purchased a new stake in Fidelis Insurance in the fourth quarter worth $26,000. Sterling Capital Management LLC boosted its holdings in Fidelis Insurance by 6.5% in the fourth quarter. Sterling Capital Management LLC now owns 23,889 shares of the company’s stock valued at $433,000 after acquiring an additional 1,448 shares in the last quarter. Finally, Invesco Ltd. increased its position in Fidelis Insurance by 1.6% during the 4th quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock valued at $1,656,000 after purchasing an additional 1,475 shares during the period. Hedge funds and other 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.