Fidelis Insurance (NYSE:FIHL) Price Target Lowered to $22.00 at Keefe, Bruyette & Woods

Fidelis Insurance (NYSE:FIHL) had its target price trimmed by Keefe, Bruyette & Woods from $25.00 to $22.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also commented on FIHL. The Goldman Sachs Group reiterated a “sell” rating and issued a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Barclays lowered their price target on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their price target 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, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.29.

Fidelis Insurance Stock Down 6.8 %

NYSE FIHL opened at $15.37 on Thursday. The stock has a market capitalization of $1.81 billion, a P/E ratio of 3.88 and a beta of 0.48. Fidelis Insurance has a 52 week low of $13.10 and a 52 week high of $21.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a fifty day moving average of $16.99 and a 200-day moving average of $17.91.

Institutional Trading of Fidelis Insurance

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