Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHLGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.06.

Several equities analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and set a $22.00 target price on shares of Fidelis Insurance in a research report on Tuesday, November 21st. JPMorgan Chase & Co. downgraded shares of Fidelis Insurance from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $16.50 to $15.00 in a research report on Monday, January 8th. BMO Capital Markets lowered their target price on shares of Fidelis Insurance from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 28th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Fidelis Insurance from $18.00 to $17.50 and set an “outperform” rating for the company in a report on Wednesday, November 22nd.

View Our Latest Stock Analysis on FIHL

Institutional Investors Weigh In On Fidelis Insurance

Several hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new stake in shares of Fidelis Insurance in the second quarter valued at about $208,110,000. Crestview Partners III GP L.P. bought a new stake in shares of Fidelis Insurance in the second quarter valued at about $156,892,000. Crestview Partners IV GP L.P. bought a new stake in shares of Fidelis Insurance in the second quarter valued at about $75,354,000. Citadel Advisors LLC bought a new stake in shares of Fidelis Insurance in the second quarter valued at about $49,553,000. Finally, American Century Companies Inc. lifted its stake in shares of Fidelis Insurance by 2.3% in the third quarter. American Century Companies Inc. now owns 2,097,953 shares of the company’s stock valued at $30,798,000 after buying an additional 47,528 shares during the period. Institutional investors own 39.55% of the company’s stock.

Fidelis Insurance Price Performance

Shares of NYSE:FIHL opened at $12.82 on Friday. Fidelis Insurance has a 12-month low of $11.55 and a 12-month high of $15.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.66 and a quick ratio of 0.66. The company’s fifty day moving average is $12.54 and its two-hundred day moving average is $13.49.

Fidelis Insurance (NYSE:FIHLGet Free Report) last posted its quarterly earnings results on Monday, November 20th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). The company had revenue of $537.50 million during the quarter, compared to analyst estimates of $562.00 million. Fidelis Insurance had a return on equity of 19.67% and a net margin of 58.12%. Equities research analysts predict that Fidelis Insurance will post 3.06 EPS for the current year.

Fidelis Insurance Company Profile

(Get Free Report

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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Analyst Recommendations for Fidelis Insurance (NYSE:FIHL)

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