Fidelis Insurance (NYSE:FIHL) Price Target Lowered to $18.00 at Barclays

Fidelis Insurance (NYSE:FIHL) had its price objective reduced by analysts at Barclays from $20.00 to $18.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 8.93% from the company’s previous close.

FIHL has been the topic of several other reports. JPMorgan Chase & Co. lowered their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. 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 report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods reduced their price target on Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.57.

Fidelis Insurance Trading Up 0.3 %

NYSE:FIHL opened at $16.53 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance has a twelve month low of $12.94 and a twelve month high of $21.32. The company has a market cap of $1.95 billion, a P/E ratio of 4.17 and a beta of 0.48. The business has a 50 day moving average price of $17.07 and a two-hundred day moving average price of $17.93.

Hedge Funds Weigh In On Fidelis Insurance

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. bought a new position in shares of Fidelis Insurance during the 3rd quarter worth approximately $1,144,000. Summit Global Investments acquired a new stake in Fidelis Insurance during the 3rd quarter valued at $238,000. Empowered Funds LLC bought a new position in Fidelis Insurance during the third quarter worth $6,424,000. Intech Investment Management LLC acquired a new position in shares of Fidelis Insurance in the third quarter valued at $269,000. Finally, Foundry Partners LLC bought a new position in shares of Fidelis Insurance in the third quarter valued at about $5,065,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

About Fidelis Insurance

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.