Keefe, Bruyette & Woods Cuts Fidelis Insurance (NYSE:FIHL) Price Target to $25.00

Fidelis Insurance (NYSE:FIHL) had its target price decreased by stock analysts at Keefe, Bruyette & Woods from $26.00 to $25.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 56.25% from the stock’s previous close.

FIHL has been the topic of a number of other research reports. The Goldman Sachs Group restated a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday. Barclays decreased their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a 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 given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.86.

Fidelis Insurance Price Performance

Fidelis Insurance stock traded down $0.51 during mid-day trading on Friday, reaching $16.00. The company had a trading volume of 627,409 shares, compared to its average volume of 773,568. Fidelis Insurance has a 1 year low of $11.94 and a 1 year high of $21.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $1.89 billion, a P/E ratio of 4.04 and a beta of 0.53. The stock’s 50-day simple moving average is $18.78 and its 200-day simple moving average is $18.01.

Institutional Investors Weigh In On Fidelis Insurance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of Fidelis Insurance in the 2nd quarter valued at about $140,000. Y Intercept Hong Kong Ltd acquired a new position in Fidelis Insurance during the 3rd quarter valued at about $195,000. Summit Global Investments acquired a new position in Fidelis Insurance during the 3rd quarter valued at about $238,000. Caprock Group LLC acquired a new position in Fidelis Insurance during the 2nd quarter valued at about $265,000. Finally, Intech Investment Management LLC acquired a new position in Fidelis Insurance during the 3rd quarter valued at about $269,000. Institutional investors own 81.99% of the company’s stock.

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.