Fidelis Insurance (NYSE:FIHL) Given New $25.00 Price Target at Keefe, Bruyette & Woods

Fidelis Insurance (NYSE:FIHL) had its price objective dropped by equities research analysts at Keefe, Bruyette & Woods from $26.00 to $25.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 54.70% from the stock’s current price.

FIHL has been the subject of a number of other research reports. Barclays dropped their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.86.

Fidelis Insurance Price Performance

Fidelis Insurance stock opened at $16.16 on Friday. The stock has a fifty day moving average of $18.76 and a 200-day moving average of $18.00. The stock has a market capitalization of $1.91 billion, a P/E ratio of 4.08 and a beta of 0.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Fidelis Insurance has a 52 week low of $11.94 and a 52 week high of $21.32.

Hedge Funds Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Fidelis Insurance during the second quarter worth about $140,000. Y Intercept Hong Kong Ltd bought a new stake in Fidelis Insurance in the third quarter valued at approximately $195,000. Summit Global Investments acquired a new stake in Fidelis Insurance during the 3rd quarter valued at approximately $238,000. Caprock Group LLC bought a new position in Fidelis Insurance during the 2nd quarter worth approximately $265,000. Finally, Intech Investment Management LLC acquired a new position in shares of Fidelis Insurance in the 3rd quarter worth approximately $269,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.