Fidelis Insurance (NYSE:FIHL) Given New $18.00 Price Target at JPMorgan Chase & Co.

Fidelis Insurance (NYSE:FIHL - Get Free Report) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $19.00 to $18.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 15.32% from the company's current price.

FIHL has been the topic of a number of other reports. Keefe, Bruyette & Woods cut their price target on Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. UBS Group boosted their target price on Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Barclays dropped their price target on shares of Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group restated a "sell" rating and set a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. One research 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 MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $19.71.

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Fidelis Insurance Stock Up 0.6 %

NYSE FIHL traded up $0.09 during trading hours on Tuesday, hitting $15.61. 506,493 shares of the company were exchanged, compared to its average volume of 579,783. The company has a 50 day moving average of $15.63 and a two-hundred day moving average of $17.23. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 3.94 and a beta of 0.28. Fidelis Insurance has a 52-week low of $14.17 and a 52-week high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The firm had revenue of $685.90 million during the quarter, compared to analysts' expectations of $661.52 million. Equities research analysts anticipate that Fidelis Insurance will post 3.12 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Fidelis Insurance by 2.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company's stock valued at $529,000 after purchasing an additional 661 shares during the period. The Manufacturers Life Insurance Company increased its stake in Fidelis Insurance by 4.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company's stock valued at $327,000 after buying an additional 770 shares during the period. R Squared Ltd purchased a new position in Fidelis Insurance during the 4th quarter worth $26,000. Sterling Capital Management LLC lifted its stake in shares of Fidelis Insurance by 6.5% in the 4th quarter. Sterling Capital Management LLC now owns 23,889 shares of the company's stock worth $433,000 after acquiring an additional 1,448 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Fidelis Insurance by 1.6% in the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company's stock valued at $1,656,000 after acquiring an additional 1,475 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.