Fidelis Insurance (NYSE:FIHL) Given New $20.00 Price Target at JPMorgan Chase & Co.

Fidelis Insurance (NYSE:FIHL) had its target price trimmed by JPMorgan Chase & Co. from $21.00 to $20.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also commented on the company. Keefe, Bruyette & Woods upped their price target on Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group assumed coverage on Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 target price on the stock. Three research 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 has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Fidelis Insurance Price Performance

Shares of NYSE:FIHL opened at $17.29 on Friday. The firm has a market cap of $2.04 billion, a PE ratio of 4.37 and a beta of 0.53. Fidelis Insurance has a 52 week low of $11.80 and a 52 week high of $21.32. The firm’s fifty day moving average is $18.83 and its 200-day moving average is $18.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.31%. Fidelis Insurance’s dividend payout ratio is currently 10.10%.

Institutional Trading of Fidelis Insurance

Several hedge funds have recently modified their holdings of FIHL. Empowered Funds LLC bought a new position in Fidelis Insurance during the third quarter worth $6,424,000. Principal Financial Group Inc. acquired a new position in shares of Fidelis Insurance during the third quarter valued at about $1,144,000. Interval Partners LP boosted its position in shares of Fidelis Insurance by 75.6% during the 2nd quarter. Interval Partners LP now owns 248,116 shares of the company’s stock worth $4,047,000 after purchasing an additional 106,845 shares in the last quarter. Barclays PLC grew its stake in shares of Fidelis Insurance by 306.7% in the 3rd quarter. Barclays PLC now owns 68,184 shares of the company’s stock valued at $1,231,000 after buying an additional 51,419 shares during the period. Finally, Lighthouse Investment Partners LLC bought a new stake in Fidelis Insurance in the 2nd quarter valued at about $1,196,000. 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.