Fidelis Insurance (NYSE:FIHL) Price Target Lowered to $20.00 at Barclays

Fidelis Insurance (NYSE:FIHL) had its price target cut by Barclays from $21.00 to $20.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday. The Goldman Sachs Group initiated coverage on shares of Fidelis Insurance in a research note on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price objective for the company. Finally, Keefe, Bruyette & Woods raised their target price on Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.36.

Fidelis Insurance Price Performance

Shares of Fidelis Insurance stock opened at $16.97 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Fidelis Insurance has a one year low of $11.80 and a one year high of $21.32. The business’s 50 day simple moving average is $18.82 and its two-hundred day simple moving average is $18.02. The stock has a market capitalization of $2.00 billion, a P/E ratio of 4.29 and a beta of 0.53.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.36%. Fidelis Insurance’s dividend payout ratio (DPR) is 10.10%.

Institutional Investors Weigh In On Fidelis Insurance

Several hedge funds have recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Fidelis Insurance by 62.0% in the second quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock worth $53,261,000 after purchasing an additional 1,249,853 shares in the last quarter. Wellington Management Group LLP lifted its position in Fidelis Insurance by 76.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company’s stock valued at $55,592,000 after acquiring an additional 1,332,896 shares during the period. Federated Hermes Inc. boosted its stake in Fidelis Insurance by 78.6% during the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock worth $17,593,000 after acquiring an additional 474,714 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in Fidelis Insurance by 12.8% in the third quarter. Loomis Sayles & Co. L P now owns 655,565 shares of the company’s stock worth $11,839,000 after purchasing an additional 74,445 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Fidelis Insurance by 7.6% during the third quarter. Geode Capital Management LLC now owns 627,616 shares of the company’s stock valued at $11,335,000 after purchasing an additional 44,416 shares in the last quarter. 81.99% of the stock is currently 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.