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

Fidelis Insurance (NYSE:FIHL) had its price target cut by Barclays from $21.00 to $20.00 in a research note published on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts also recently issued reports on FIHL. The Goldman Sachs Group began coverage on shares of Fidelis Insurance in a report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price target for the company. Keefe, Bruyette & Woods boosted their price target on shares of Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research note 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 for the company in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.00.

Fidelis Insurance Stock Down 2.3 %

NYSE FIHL opened at $16.54 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance has a 52 week low of $11.80 and a 52 week high of $21.32. The business’s fifty day simple moving average is $18.81 and its 200-day simple moving average is $18.03. The firm has a market cap of $1.95 billion, a PE ratio of 4.18 and a beta of 0.53.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.42%. Fidelis Insurance’s dividend payout ratio (DPR) is 10.10%.

Hedge Funds Weigh In On Fidelis Insurance

A number of institutional investors and hedge funds have recently made changes to their positions in FIHL. American Century Companies Inc. grew its holdings in Fidelis Insurance by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock worth $53,261,000 after acquiring an additional 1,249,853 shares in the last quarter. Wellington Management Group LLP grew its stake 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 in the last quarter. Federated Hermes Inc. raised its stake in Fidelis Insurance by 78.6% in the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock valued at $17,593,000 after buying an additional 474,714 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in Fidelis Insurance by 12.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 655,565 shares of the company’s stock worth $11,839,000 after buying an additional 74,445 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Fidelis Insurance by 7.6% in the third quarter. Geode Capital Management LLC now owns 627,616 shares of the company’s stock valued at $11,335,000 after purchasing an additional 44,416 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

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.