Fidelis Insurance (NYSE:FIHL) Price Target Raised to $25.00

Fidelis Insurance (NYSE:FIHL) had its price objective raised by UBS Group from $23.00 to $25.00 in a report published on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other analysts have also commented on the stock. The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Barclays lowered their target price on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Fidelis Insurance currently has an average rating of “Hold” and a consensus price target of $20.57.

Fidelis Insurance Stock Performance

Shares of Fidelis Insurance stock opened at $15.04 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $1.77 billion, a P/E ratio of 3.80 and a beta of 0.61. The firm has a 50 day simple moving average of $16.30 and a 200 day simple moving average of $17.71. Fidelis Insurance has a fifty-two week low of $14.17 and a fifty-two week high of $21.32.

Fidelis Insurance (NYSE:FIHL) last released its earnings results on Tuesday, February 25th. The company reported ($1.05) 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 business had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. Sell-side analysts predict that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio (DPR) is 42.55%.

Institutional Investors Weigh In On Fidelis Insurance

Several institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its position in Fidelis Insurance by 6.7% in the 4th quarter. American Century Companies Inc. now owns 3,577,018 shares of the company’s stock valued at $64,851,000 after acquiring an additional 225,952 shares in the last quarter. Wellington Management Group LLP lifted its position in Fidelis Insurance by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company’s stock valued at $58,754,000 after acquiring an additional 162,524 shares in the last quarter. Zimmer Partners LP bought a new stake in Fidelis Insurance in the 4th quarter valued at $31,991,000. Citadel Advisors LLC lifted its position in Fidelis Insurance by 2,922.7% in the 4th quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company’s stock valued at $28,462,000 after acquiring an additional 1,517,927 shares in the last quarter. Finally, LSV Asset Management bought a new stake in Fidelis Insurance in the 4th quarter valued at $24,435,000. 81.99% of the stock is owned by institutional investors.

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.