Fidelis Insurance (NYSE:FIHL) Price Target Lowered to $25.00 at Keefe, Bruyette & Woods

Fidelis Insurance (NYSE:FIHL - Free Report) had its target price lowered by Keefe, Bruyette & Woods from $26.00 to $25.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on FIHL. 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 report on Wednesday. Barclays decreased their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelis Insurance presently has an average rating of "Hold" and a consensus target price of $20.86.

Fidelis Insurance Stock Performance

FIHL stock traded down $0.35 during midday trading on Friday, hitting $16.16. 1,214,514 shares of the stock traded hands, compared to its average volume of 874,402. The firm has a market cap of $1.91 billion, a P/E ratio of 4.08 and a beta of 0.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The stock's fifty day simple moving average is $18.78 and its 200-day simple moving average is $18.01. Fidelis Insurance has a 1-year low of $11.94 and a 1-year high of $21.32.

Fidelis Insurance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Friday, November 29th. Fidelis Insurance's dividend payout ratio is currently 10.10%.

Hedge Funds Weigh In On Fidelis Insurance

Several hedge funds and other institutional investors have recently modified their holdings of FIHL. Principal Financial Group Inc. acquired a new stake in shares of Fidelis Insurance during the third quarter valued at about $1,144,000. Empowered Funds LLC acquired a new stake in shares of Fidelis Insurance during the third quarter valued at about $6,424,000. Barclays PLC increased its position in shares of Fidelis Insurance by 306.7% during the third quarter. Barclays PLC now owns 68,184 shares of the company's stock valued at $1,231,000 after acquiring an additional 51,419 shares during the last quarter. Interval Partners LP increased its position in shares of Fidelis Insurance by 75.6% during the second quarter. Interval Partners LP now owns 248,116 shares of the company's stock valued at $4,047,000 after acquiring an additional 106,845 shares during the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Fidelis Insurance in the second quarter valued at approximately $1,196,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

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.