Keefe, Bruyette & Woods Issues Pessimistic Forecast for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its price target reduced by equities research analysts at Keefe, Bruyette & Woods from $25.00 to $22.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 33.13% from the stock’s previous close.

FIHL has been the topic of several other research reports. JPMorgan Chase & Co. decreased 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. Barclays decreased their target price on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group reissued 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.14.

Fidelis Insurance Trading Up 0.3 %

Fidelis Insurance stock opened at $16.53 on Thursday. 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 firm’s 50 day moving average price is $17.07 and its 200-day moving average price is $17.93. Fidelis Insurance has a 1 year low of $12.94 and a 1 year high of $21.32. The stock has a market cap of $1.95 billion, a P/E ratio of 4.17 and a beta of 0.48.

Institutional Investors Weigh In On Fidelis Insurance

Several large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Fidelis Insurance by 2.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company’s stock worth $529,000 after purchasing an additional 661 shares during the period. The Manufacturers Life Insurance Company lifted its position in Fidelis Insurance by 4.4% in the third quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company’s stock worth $327,000 after buying an additional 770 shares during the last quarter. R Squared Ltd purchased a new position in Fidelis Insurance during the fourth quarter worth $26,000. Sterling Capital Management LLC boosted its stake in Fidelis Insurance by 6.5% during the fourth quarter. Sterling Capital Management LLC now owns 23,889 shares of the company’s stock worth $433,000 after buying an additional 1,448 shares during the period. Finally, Invesco Ltd. increased its position in Fidelis Insurance by 1.6% during the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock valued at $1,656,000 after acquiring an additional 1,475 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

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.