Fidelis Insurance (NYSE:FIHL) Receives “Sell” Rating from The Goldman Sachs Group

Fidelis Insurance (NYSE:FIHL)‘s stock had its “sell” rating reiterated by research analysts at The Goldman Sachs Group in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $16.00 target price on the stock, down from their prior target price of $21.00. The Goldman Sachs Group’s price objective would suggest a potential downside of 5.44% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Barclays reduced their target price on 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. dropped their price target on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.00.

Fidelis Insurance Stock Down 0.1 %

FIHL stock opened at $16.92 on Wednesday. Fidelis Insurance has a fifty-two week low of $11.80 and a fifty-two week high of $21.32. The business’s 50 day moving average price is $18.81 and its two-hundred day moving average price is $18.03. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 4.27 and a beta of 0.30.

Hedge Funds Weigh In On Fidelis Insurance

Several hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of Fidelis Insurance during the 3rd quarter valued at $1,144,000. Barclays PLC increased 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 worth $1,231,000 after purchasing an additional 51,419 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Fidelis Insurance by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company’s stock worth $11,335,000 after purchasing an additional 44,416 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Fidelis Insurance in the 3rd quarter worth $732,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Fidelis Insurance in the 3rd quarter worth $195,000. 81.99% of the stock is owned by institutional investors.

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.