Keefe, Bruyette & Woods Lowers Fidelis Insurance (NYSE:FIHL) Price Target to $25.00

Fidelis Insurance (NYSE:FIHL) had its price target decreased by stock analysts at Keefe, Bruyette & Woods from $26.00 to $25.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 54.70% from the stock’s previous close.

FIHL has been the subject of several other research reports. Barclays reduced their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating for the company in a 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 report on Friday, January 3rd. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.86.

Fidelis Insurance Trading Down 2.1 %

FIHL stock opened at $16.16 on Friday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 4.08 and a beta of 0.53. The company has a fifty day moving average price of $18.76 and a two-hundred day moving average price of $18.00. Fidelis Insurance has a one year low of $11.94 and a one 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.

Institutional Investors Weigh In On Fidelis Insurance

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