Fidelis Insurance (NYSE:FIHL) Price Target Cut to $23.00 by Analysts at UBS Group

Fidelis Insurance (NYSE:FIHL - Get Free Report) had its target price reduced by analysts at UBS Group from $25.00 to $23.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price objective suggests a potential upside of 58.62% from the stock's current price.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group restated a "sell" rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Barclays lowered their price target on Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.29.

Fidelis Insurance Price Performance

FIHL stock traded down $0.86 during mid-day trading on Thursday, hitting $14.50. The stock had a trading volume of 811,647 shares, compared to its average volume of 577,481. The firm has a fifty day simple moving average of $16.90 and a 200 day simple moving average of $17.90. Fidelis Insurance has a 52 week low of $13.28 and a 52 week high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.71 billion, a P/E ratio of 3.66 and a beta of 0.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. boosted its position in Fidelis Insurance by 6.7% during the 4th quarter. American Century Companies Inc. now owns 3,577,018 shares of the company's stock worth $64,851,000 after buying an additional 225,952 shares during the period. Wellington Management Group LLP raised its stake in shares of Fidelis Insurance by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company's stock valued at $58,754,000 after acquiring an additional 162,524 shares during the last quarter. Zimmer Partners LP acquired a new position in shares of Fidelis Insurance during the fourth quarter worth $31,991,000. Citadel Advisors LLC grew its stake in shares of Fidelis Insurance by 2,922.7% in the fourth quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company's stock worth $28,462,000 after purchasing an additional 1,517,927 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in Fidelis Insurance in the fourth quarter valued at $24,435,000. 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.