Fidelis Insurance (NYSE:FIHL) Price Target Lowered to $22.00 at Keefe, Bruyette & Woods

Fidelis Insurance (NYSE:FIHL - Get Free Report) had its price target dropped by analysts at Keefe, Bruyette & Woods from $25.00 to $22.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 51.72% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their price target 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. Barclays reduced their price objective on shares of Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set 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 issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Fidelis Insurance presently has a consensus rating of "Hold" and a consensus price target of $20.29.

Fidelis Insurance Price Performance

NYSE FIHL traded down $0.86 on Thursday, reaching $14.50. The company's stock had a trading volume of 811,647 shares, compared to its average volume of 577,481. Fidelis Insurance has a twelve month low of $13.28 and a twelve month high of $21.32. 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 stock has a market cap of $1.71 billion, a PE ratio of 3.66 and a beta of 0.48. The firm's 50 day moving average is $16.90 and its two-hundred day moving average is $17.90.

Hedge Funds Weigh In On Fidelis Insurance

Large investors have recently made changes to their positions in the business. R Squared Ltd acquired a new position in shares of Fidelis Insurance in the 4th quarter valued at about $26,000. Venturi Wealth Management LLC increased its holdings in shares of 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 acquired a new position in shares of Fidelis Insurance in the 3rd quarter valued at about $195,000. Fox Run Management L.L.C. acquired a new position in shares of Fidelis Insurance in the 4th quarter valued at about $235,000. Finally, Summit Global Investments acquired a new position in shares of Fidelis Insurance in the 3rd quarter valued at about $238,000. Institutional investors and hedge funds 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.