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

Fidelis Insurance (NYSE:FIHL - Get Free Report) had its price objective cut by Barclays from $20.00 to $18.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price points to a potential upside of 24.14% from the company's previous close.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. decreased 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 note on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelis Insurance from $26.00 to $25.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Finally, The Goldman Sachs Group reiterated a "sell" rating and issued a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Fidelis Insurance has an average rating of "Hold" and a consensus target price of $20.29.

Fidelis Insurance Stock Performance

Shares of FIHL stock traded down $0.86 during trading hours on Thursday, hitting $14.50. 811,647 shares of the company were exchanged, compared to its average volume of 577,481. The firm has a fifty day simple moving average of $16.90 and a 200 day simple moving average of $17.90. 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 52-week low of $13.28 and a 52-week high of $21.32. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 3.66 and a beta of 0.48.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. R Squared Ltd bought a new position in Fidelis Insurance in the 4th quarter valued at $26,000. Venturi Wealth Management LLC boosted its holdings in Fidelis Insurance by 1,862.9% in the 4th 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 during the period. Y Intercept Hong Kong Ltd bought a new position in Fidelis Insurance in the 3rd quarter valued at $195,000. Fox Run Management L.L.C. bought a new position in Fidelis Insurance in the 4th quarter valued at $235,000. Finally, Summit Global Investments bought a new position in Fidelis Insurance in the 3rd quarter valued at $238,000. 81.99% of the stock is owned by institutional investors.

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.