Fidelis Insurance (NYSE:FIHL) Price Target Cut to $20.00 by Analysts at Barclays

Fidelis Insurance (NYSE:FIHL) had its price target lowered by Barclays from $21.00 to $20.00 in a research note released on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday. Keefe, Bruyette & Woods boosted their price objective on Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group assumed coverage on Fidelis Insurance in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 target price for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.36.

Fidelis Insurance Price Performance

NYSE FIHL opened at $16.97 on Monday. The company has a market cap of $2.00 billion, a PE ratio of 4.29 and a beta of 0.53. 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’s 50-day simple moving average is $18.82 and its two-hundred day simple moving average is $18.02. Fidelis Insurance has a 52 week low of $11.80 and a 52 week high of $21.32.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.36%. Fidelis Insurance’s payout ratio is presently 10.10%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelis Insurance in the 2nd quarter worth about $140,000. Y Intercept Hong Kong Ltd bought a new stake in Fidelis Insurance in the 3rd quarter worth approximately $195,000. Summit Global Investments purchased a new stake in Fidelis Insurance in the third quarter worth approximately $238,000. Caprock Group LLC bought a new position in Fidelis Insurance during the second quarter valued at approximately $265,000. Finally, Intech Investment Management LLC purchased a new position in shares of Fidelis Insurance during the third quarter worth approximately $269,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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.