Keefe, Bruyette & Woods Cuts Fidelis Insurance (NYSE:FIHL) Price Target to $25.00

Fidelis Insurance (NYSE:FIHL) had its price objective reduced by stock analysts at Keefe, Bruyette & Woods from $26.00 to $25.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 56.25% from the company’s previous close.

A number of other equities analysts have also recently weighed in on FIHL. Barclays reduced their price target on Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday. 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 note on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.86.

Fidelis Insurance Price Performance

NYSE FIHL traded down $0.51 during trading hours on Friday, reaching $16.00. The company’s stock had a trading volume of 627,409 shares, compared to its average volume of 773,568. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 4.04 and a beta of 0.53. Fidelis Insurance has a 1-year low of $11.94 and a 1-year high of $21.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company’s 50-day moving average is $18.78 and its two-hundred day moving average is $18.01.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Fidelis Insurance by 62.0% during 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 during the last quarter. Wellington Management Group LLP grew its holdings in shares of Fidelis Insurance by 76.4% during 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 last quarter. Federated Hermes Inc. grew its holdings 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 grew its holdings 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 worth $11,839,000 after purchasing an additional 74,445 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 worth $11,335,000 after purchasing an additional 44,416 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.