Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL – Get Free Report) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $17.19.
A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Fidelis Insurance in a report on Monday, July 24th. They set an “outperform” rating and a $17.00 target price on the stock. BMO Capital Markets upped their target price on shares of Fidelis Insurance from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Wednesday, August 30th. Jefferies Financial Group initiated coverage on shares of Fidelis Insurance in a report on Monday, July 24th. They set a “hold” rating and a $15.00 target price on the stock. JMP Securities reissued a “market outperform” rating and issued a $22.00 price target on shares of Fidelis Insurance in a research note on Wednesday, August 23rd. Finally, UBS Group initiated coverage on shares of Fidelis Insurance in a research note on Monday, July 24th. They issued a “buy” rating and a $18.00 price target for the company.
Fidelis Insurance Stock Performance
Fidelis Insurance (NYSE:FIHL – Get Free Report) last posted its earnings results on Tuesday, August 22nd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $453.20 million for the quarter, compared to the consensus estimate of $459.00 million. Research analysts predict that Fidelis Insurance will post 3.13 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Fidelis Insurance
A number of institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new stake in shares of Fidelis Insurance in the 2nd quarter valued at $208,110,000. Crestview Partners III GP L.P. purchased a new stake in shares of Fidelis Insurance in the 2nd quarter valued at $156,892,000. Crestview Partners IV GP L.P. purchased a new stake in shares of Fidelis Insurance in the 2nd quarter valued at $75,354,000. Citadel Advisors LLC purchased a new stake in Fidelis Insurance during the 2nd quarter valued at $49,553,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Fidelis Insurance during the 2nd quarter valued at $17,534,000. Hedge funds and other institutional investors own 39.55% of the company’s stock.
About Fidelis Insurance
Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products in Bermuda, 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.
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