Fidelis Insurance (NYSE:FIHL) Price Target Lowered to $16.00 at Barclays

Fidelis Insurance (NYSE:FIHL) had its price objective dropped by research analysts at Barclays from $18.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 2.50% from the stock’s previous close.

Several other brokerages have also commented on FIHL. The Goldman Sachs Group reiterated a “sell” rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. UBS Group increased their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, March 7th. JPMorgan Chase & Co. lowered their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Keefe, Bruyette & Woods decreased their price objective on Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Fidelis Insurance currently has a consensus rating of “Hold” and a consensus price target of $19.71.

Fidelis Insurance Price Performance

Shares of Fidelis Insurance stock traded up $0.09 during trading on Friday, hitting $15.61. The stock had a trading volume of 357,813 shares, compared to its average volume of 581,461. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance has a 12 month low of $14.17 and a 12 month high of $21.32. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 3.94 and a beta of 0.28. The business’s 50-day moving average is $15.65 and its 200 day moving average is $17.25.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). The business had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. As a group, sell-side analysts anticipate that Fidelis Insurance will post 3.12 earnings per share for the current year.

Institutional Investors Weigh In On Fidelis Insurance

Several institutional investors and hedge funds have recently bought and sold shares of FIHL. GAMMA Investing LLC raised its holdings in shares of Fidelis Insurance by 1,267.3% during the first quarter. GAMMA Investing LLC now owns 4,471 shares of the company’s stock valued at $72,000 after acquiring an additional 4,144 shares in the last quarter. Wellington Management Group LLP raised its holdings in Fidelis Insurance by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company’s stock worth $58,754,000 after purchasing an additional 162,524 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Fidelis Insurance by 18.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 47,804 shares of the company’s stock worth $867,000 after purchasing an additional 7,300 shares during the period. Voloridge Investment Management LLC increased its position in shares of Fidelis Insurance by 1,243.1% during the fourth quarter. Voloridge Investment Management LLC now owns 178,320 shares of the company’s stock valued at $3,233,000 after buying an additional 165,043 shares during the period. Finally, Zimmer Partners LP bought a new stake in Fidelis Insurance during the 4th quarter valued at approximately $31,991,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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.