Barclays Lowers Fidelis Insurance (NYSE:FIHL) Price Target to $18.00

Fidelis Insurance (NYSE:FIHL) had its target price lowered by Barclays from $20.00 to $18.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 24.14% from the company’s previous close.

A number of other research firms also recently weighed in on FIHL. Keefe, Bruyette & Woods dropped their price target on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group reiterated a “sell” rating and issued a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.29.

Fidelis Insurance Stock Down 5.6 %

NYSE FIHL opened at $14.50 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance has a 1-year low of $13.28 and a 1-year high of $21.32. The company has a 50 day moving average of $16.90 and a 200-day moving average of $17.90. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 3.66 and a beta of 0.48.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Fidelis Insurance during the fourth quarter valued at approximately $26,000. Venturi Wealth Management LLC raised its position in Fidelis Insurance by 1,862.9% during the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock valued at $111,000 after purchasing an additional 5,831 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Fidelis Insurance during the third quarter valued at approximately $195,000. Fox Run Management L.L.C. acquired a new position in shares of Fidelis Insurance during the fourth quarter worth $235,000. Finally, Summit Global Investments acquired a new position in shares of Fidelis Insurance during the third quarter worth $238,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.