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

Fidelis Insurance (NYSE:FIHL) had its target price dropped by stock analysts at Barclays from $21.00 to $20.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 17.10% from the stock’s current price.

Several other research firms have also weighed in on FIHL. The Goldman Sachs Group started coverage on shares of Fidelis Insurance in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective on the stock. 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 research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered their price target on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.36.

Fidelis Insurance Trading Down 1.2 %

Fidelis Insurance stock traded down $0.21 during midday trading on Monday, reaching $17.08. The stock had a trading volume of 496,326 shares, compared to its average volume of 456,440. The firm’s fifty day simple moving average is $18.83 and its two-hundred day simple moving average is $18.00. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 4.31 and a beta of 0.53. Fidelis Insurance has a twelve month low of $11.80 and a twelve month 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.

Institutional Inflows and Outflows

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