Fidelis Insurance (NYSE:FIHL - Get Free Report) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $21.00 to $20.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 15.67% from the stock's current price.
A number of other analysts have also recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Fidelis Insurance from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. The Goldman Sachs Group assumed coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They issued a "neutral" rating and a $18.50 price objective for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.50.
View Our Latest Analysis on Fidelis Insurance
Fidelis Insurance Stock Performance
NYSE:FIHL traded down $0.69 during trading hours on Friday, reaching $17.29. The stock had a trading volume of 335,139 shares, compared to its average volume of 443,270. The stock has a market cap of $2.04 billion, a P/E ratio of 4.37 and a beta of 0.29. The stock has a 50 day simple moving average of $18.83 and a 200 day simple moving average of $17.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. Fidelis Insurance has a 12-month low of $11.80 and a 12-month high of $21.32.
Hedge Funds Weigh In On Fidelis Insurance
A number of institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of Fidelis Insurance in the 3rd quarter worth approximately $1,144,000. Barclays PLC raised its position in Fidelis Insurance by 306.7% in the third quarter. Barclays PLC now owns 68,184 shares of the company's stock worth $1,231,000 after acquiring an additional 51,419 shares during the period. Geode Capital Management LLC boosted its stake in shares of Fidelis Insurance by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company's stock worth $11,335,000 after acquiring an additional 44,416 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Fidelis Insurance during the 3rd quarter valued at $732,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Fidelis Insurance in the 3rd quarter worth $195,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
About Fidelis Insurance
(
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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.
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