Barclays Issues Pessimistic Forecast for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its price target dropped by equities researchers at Barclays from $21.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 18.20% from the stock’s current price.

Several other analysts have also recently issued reports on the company. The Goldman Sachs Group assumed coverage on Fidelis Insurance in a report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price objective on the stock. JPMorgan Chase & Co. lowered 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 report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.36.

Fidelis Insurance Price Performance

NYSE:FIHL opened at $16.92 on Monday. The business’s 50-day moving average is $18.81 and its 200 day moving average is $18.03. Fidelis Insurance has a 12 month low of $11.80 and a 12 month high of $21.32. The company has a market capitalization of $2.00 billion, a P/E ratio of 4.27 and a beta of 0.30. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Institutional Trading of Fidelis Insurance

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of 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 buying an additional 1,249,853 shares during the period. Wellington Management Group LLP increased its stake in Fidelis Insurance by 76.4% in the third quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company’s stock worth $55,592,000 after purchasing an additional 1,332,896 shares during the period. Federated Hermes Inc. lifted its position in shares of 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 purchasing an additional 474,714 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Fidelis Insurance by 12.8% during the third quarter. Loomis Sayles & Co. L P now owns 655,565 shares of the company’s stock valued at $11,839,000 after purchasing an additional 74,445 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Fidelis Insurance by 7.6% in the third quarter. Geode Capital Management LLC now owns 627,616 shares of the company’s stock worth $11,335,000 after purchasing an additional 44,416 shares during the last quarter. 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.