Fidelis Insurance (NYSE:FIHL) Price Target Raised to $25.00

Fidelis Insurance (NYSE:FIHL - Free Report) had its target price upped by UBS Group from $23.00 to $25.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group restated a "sell" rating and set a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price target on shares of Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered 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. Finally, Barclays lowered their price target on shares of Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Thursday, February 20th. One investment 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. Based on data from MarketBeat, Fidelis Insurance currently has a consensus rating of "Hold" and an average target price of $20.57.

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Fidelis Insurance Stock Performance

FIHL stock traded up $0.35 during trading on Friday, hitting $15.04. 1,080,871 shares of the company's stock traded hands, compared to its average volume of 650,327. 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 $14.17 and a 52 week high of $21.32. The stock has a fifty day moving average price of $16.30 and a two-hundred day moving average price of $17.71. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 3.80 and a beta of 0.62.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The business had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. As a group, equities analysts anticipate that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.66%. Fidelis Insurance's dividend payout ratio is presently 42.55%.

Hedge Funds Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd bought a new position in Fidelis Insurance in the 4th quarter valued at about $26,000. Venturi Wealth Management LLC grew its position 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 buying an additional 5,831 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Fidelis Insurance in the 3rd quarter valued at about $195,000. Fox Run Management L.L.C. acquired a new stake in Fidelis Insurance in the 4th quarter valued at about $235,000. Finally, Summit Global Investments acquired a new stake in Fidelis Insurance in the 3rd quarter valued at about $238,000. 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.