Fidelis Insurance (NYSE:FIHL) Price Target Raised to $26.00

Fidelis Insurance (NYSE:FIHL) had its price target raised by analysts at Keefe, Bruyette & Woods from $25.00 to $26.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 32.32% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. 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 price target on the stock. The Goldman Sachs Group began 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. Barclays began coverage on Fidelis Insurance in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price target on the stock. Finally, JMP Securities reiterated a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a research report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.69.

Fidelis Insurance Stock Down 0.4 %

NYSE FIHL opened at $19.65 on Thursday. Fidelis Insurance has a twelve month low of $11.55 and a twelve month high of $21.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.65 and a current ratio of 0.68. The stock has a market cap of $2.32 billion, a PE ratio of 4.96 and a beta of -0.01. The firm has a 50-day simple moving average of $17.98 and a 200 day simple moving average of $17.51.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.15). The firm had revenue of $547.10 million for the quarter, compared to analyst estimates of $582.19 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. On average, research analysts forecast that Fidelis Insurance will post 2.9 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cambridge Trust Co. acquired a new position in shares of Fidelis Insurance during the first quarter valued at $58,000. EntryPoint Capital LLC bought a new stake in Fidelis Insurance in the first quarter valued at approximately $63,000. Ameritas Investment Partners Inc. increased its position in shares of Fidelis Insurance by 297.6% during the first quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company’s stock worth $118,000 after acquiring an additional 4,523 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Fidelis Insurance by 144.4% during the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock worth $119,000 after acquiring an additional 3,606 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Fidelis Insurance in the 2nd quarter valued at $140,000. Institutional investors and hedge funds 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.