Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Fidelis Insurance (NYSE:FIHL) Stock

Fidelis Insurance (NYSE:FIHL - Get Free Report) had its price objective upped by research analysts at Keefe, Bruyette & Woods from $25.00 to $26.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 31.78% from the company's current price.

A number of other equities research analysts have also issued reports on FIHL. Barclays began coverage on shares of Fidelis Insurance in a report on Wednesday, September 4th. They set an "equal weight" rating and a $21.00 target price on the stock. JMP Securities reissued a "market outperform" rating and issued a $24.00 target price on shares of Fidelis Insurance in a report on Friday, August 16th. The Goldman Sachs Group began coverage on shares of Fidelis Insurance in a research note on Tuesday, September 17th. They set a "neutral" rating and a $18.50 price target for the company. Finally, Evercore ISI assumed coverage on Fidelis Insurance in a report on Wednesday, July 17th. They issued an "inline" rating and a $19.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $20.69.

Fidelis Insurance Price Performance

Shares of FIHL traded down $0.20 during trading hours on Thursday, hitting $19.73. 895,053 shares of the stock were exchanged, compared to its average volume of 568,756. Fidelis Insurance has a 12-month low of $11.55 and a 12-month high of $21.32. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 4.98 and a beta of -0.01. The stock's 50-day moving average price is $17.92 and its two-hundred day moving average price is $17.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.15). The company had revenue of $547.10 million during the quarter, compared to analyst estimates of $582.19 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.49%. Research analysts expect that Fidelis Insurance will post 2.9 earnings per share for the current year.

Institutional Trading of Fidelis Insurance

Several institutional investors and hedge funds have recently modified their holdings of FIHL. The Manufacturers Life Insurance Company raised its position in shares of Fidelis Insurance by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company's stock valued at $283,000 after buying an additional 649 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Fidelis Insurance by 4.4% in the third quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company's stock valued at $327,000 after purchasing an additional 770 shares during the last quarter. Cambridge Trust Co. purchased a new position in Fidelis Insurance during the first quarter worth about $58,000. EntryPoint Capital LLC acquired a new stake in Fidelis Insurance in the 1st quarter worth about $63,000. Finally, California State Teachers Retirement System grew its holdings in Fidelis Insurance by 144.4% in the 1st quarter. California State Teachers Retirement System now owns 6,103 shares of the company's stock valued at $119,000 after buying an additional 3,606 shares during the period. Hedge funds and other 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.