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

Fidelis Insurance (NYSE:FIHL) had its target price trimmed by Keefe, Bruyette & Woods from $26.00 to $25.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group reiterated a “sell” rating and issued a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Barclays lowered their price target on Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.86.

Fidelis Insurance Trading Down 2.1 %

FIHL opened at $16.16 on Friday. 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 $11.94 and a 52 week high of $21.32. The business’s 50 day moving average is $18.78 and its two-hundred day moving average is $18.01. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 4.08 and a beta of 0.53.

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors 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 2.48%. Fidelis Insurance’s dividend payout ratio is currently 10.10%.

Institutional Investors Weigh In On Fidelis Insurance

A number of institutional investors have recently added to or reduced their stakes in FIHL. Principal Financial Group Inc. acquired a new stake in shares of Fidelis Insurance in the 3rd quarter valued at approximately $1,144,000. Barclays PLC raised its position in Fidelis Insurance by 306.7% in the third quarter. Barclays PLC now owns 68,184 shares of the company’s stock worth $1,231,000 after acquiring an additional 51,419 shares in the last quarter. Geode Capital Management LLC lifted 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 acquiring an additional 44,416 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Fidelis Insurance during the 3rd quarter worth $732,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Fidelis Insurance during the 3rd quarter worth $195,000. Hedge funds and other 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.