JPMorgan Chase & Co. Has Lowered Expectations for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its target price decreased by JPMorgan Chase & Co. from $21.00 to $20.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.67% from the company’s previous close.

A number of other research firms have also weighed in on FIHL. The Goldman Sachs Group assumed coverage on Fidelis Insurance in a report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 target price for the company. Keefe, Bruyette & Woods lifted their target price on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Fidelis Insurance has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Fidelis Insurance Price Performance

Shares of NYSE:FIHL opened at $17.29 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 stock has a market cap of $2.04 billion, a PE ratio of 4.37 and a beta of 0.29. The company’s fifty day moving average is $18.83 and its 200 day moving average is $17.99. Fidelis Insurance has a 52 week low of $11.80 and a 52 week high of $21.32.

Institutional Investors Weigh In On Fidelis Insurance

Large investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of Fidelis Insurance by 62.0% during the second quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock valued at $53,261,000 after purchasing an additional 1,249,853 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Fidelis Insurance by 76.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company’s stock valued at $55,592,000 after buying an additional 1,332,896 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Fidelis Insurance by 78.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock worth $17,593,000 after buying an additional 474,714 shares during the period. Loomis Sayles & Co. L P increased its stake in shares of Fidelis Insurance by 12.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 655,565 shares of the company’s stock worth $11,839,000 after acquiring an additional 74,445 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Fidelis Insurance by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company’s stock valued at $11,335,000 after acquiring an additional 44,416 shares during the period. 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.