Fidelis Insurance Holdings Limited (NYSE:FIHL) Given Consensus Recommendation of “Hold” by Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL) has been given an average recommendation of “Hold” by the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $20.86.

FIHL has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. The Goldman Sachs Group restated a “sell” rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, Barclays dropped their target price on Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th.

Fidelis Insurance Stock Down 2.4 %

Shares of NYSE FIHL opened at $16.21 on Tuesday. 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 stock has a market capitalization of $1.91 billion, a PE ratio of 4.09 and a beta of 0.48. Fidelis Insurance has a one year low of $12.94 and a one year high of $21.32. The business’s fifty day moving average price is $17.19 and its 200-day moving average price is $17.94.

Hedge Funds Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd bought a new position in shares of Fidelis Insurance during the fourth quarter valued at about $26,000. Venturi Wealth Management LLC raised its position in Fidelis Insurance by 1,862.9% during the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock valued at $111,000 after purchasing an additional 5,831 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Fidelis Insurance in the 3rd quarter worth approximately $195,000. Fox Run Management L.L.C. bought a new stake in shares of Fidelis Insurance in the 4th quarter worth approximately $235,000. Finally, Summit Global Investments purchased a new position in shares of Fidelis Insurance during the third quarter valued at approximately $238,000. 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.