Fidelis Insurance (NYSE:FIHL) Given New $20.00 Price Target at JPMorgan Chase & Co.

Fidelis Insurance (NYSE:FIHL) had its price target decreased by JPMorgan Chase & Co. from $21.00 to $20.00 in a research note published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other analysts have also commented on FIHL. The Goldman Sachs Group started coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 target price for the company. Keefe, Bruyette & Woods boosted their price objective on Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Three equities research 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.50.

Fidelis Insurance Trading Down 3.8 %

NYSE:FIHL opened at $17.29 on Friday. Fidelis Insurance has a 12 month low of $11.80 and a 12 month 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 stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 4.37 and a beta of 0.29. The firm has a fifty day simple moving average of $18.83 and a two-hundred day simple moving average of $17.99.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.31%. Fidelis Insurance’s dividend payout ratio (DPR) is currently 10.10%.

Hedge Funds Weigh In On Fidelis Insurance

Several large investors have recently bought and sold shares of FIHL. Natixis Advisors LLC purchased a new stake in shares of Fidelis Insurance in the second quarter valued at about $1,108,000. Caprock Group LLC bought a new position in shares of Fidelis Insurance during the 2nd quarter worth approximately $265,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelis Insurance in the 2nd quarter worth approximately $140,000. American Century Companies Inc. grew its holdings in shares of Fidelis Insurance by 62.0% in the second quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock valued at $53,261,000 after acquiring an additional 1,249,853 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Fidelis Insurance by 78.6% during the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock valued at $17,593,000 after acquiring an additional 474,714 shares during the last quarter. 81.99% of the stock is currently owned by 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.