Brokerages Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Target Price at $20.00

Fidelis Insurance Holdings Limited (NYSE:FIHL) has earned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $20.00.

FIHL has been the topic of several research reports. UBS Group decreased their price target on shares of Fidelis Insurance from $22.50 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, May 14th. JMP Securities restated a “market outperform” rating and issued a $24.00 target price on shares of Fidelis Insurance in a report on Monday, April 15th. Evercore ISI started coverage on shares of Fidelis Insurance in a report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Fidelis Insurance from $18.50 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th.

Institutional Trading of Fidelis Insurance

Large investors have recently added to or reduced their stakes in the stock. Graypoint LLC bought a new stake in Fidelis Insurance in the fourth quarter valued at $1,776,000. Russell Investments Group Ltd. boosted its holdings in Fidelis Insurance by 20.4% in the fourth quarter. Russell Investments Group Ltd. now owns 815,174 shares of the company’s stock valued at $10,328,000 after acquiring an additional 138,295 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Fidelis Insurance in the first quarter valued at $1,287,000. Boston Partners boosted its holdings in Fidelis Insurance by 213.7% in the first quarter. Boston Partners now owns 714,683 shares of the company’s stock valued at $13,922,000 after acquiring an additional 486,888 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in Fidelis Insurance by 125.0% in the first quarter. Quadrature Capital Ltd now owns 65,639 shares of the company’s stock valued at $1,279,000 after acquiring an additional 36,464 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Up 2.5 %

FIHL stock opened at $17.00 on Friday. The company has a market capitalization of $2.00 billion, a PE ratio of 4.13 and a beta of -0.10. Fidelis Insurance has a one year low of $11.55 and a one year high of $20.53. The company’s 50 day moving average price is $16.61 and its two-hundred day moving average price is $16.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.68.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $520.00 million for the quarter, compared to analysts’ expectations of $585.88 million. Fidelis Insurance had a return on equity of 17.97% and a net margin of 23.31%. As a group, analysts predict that Fidelis Insurance will post 3.07 earnings per share for the current fiscal year.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.