Fidelis Insurance (NYSE:FIHL) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Fidelis Insurance (NYSE:FIHL) had its price target raised by equities research analysts at Keefe, Bruyette & Woods from $25.00 to $26.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 32.32% from the stock’s previous close.

A number of other research analysts also recently commented on the company. Barclays started coverage on Fidelis Insurance in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and issued a $24.00 price objective on shares of Fidelis Insurance in a research report on Friday, August 16th. Evercore ISI initiated coverage on shares of Fidelis Insurance in a research report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 target price for the company. Finally, The Goldman Sachs Group began coverage on Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.69.

Fidelis Insurance Trading Down 0.4 %

Shares of NYSE FIHL opened at $19.65 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $17.98 and its two-hundred day moving average price is $17.51. Fidelis Insurance has a 52-week low of $11.55 and a 52-week high of $21.32. The stock has a market capitalization of $2.32 billion, a P/E ratio of 4.96 and a beta of -0.01.

Fidelis Insurance (NYSE:FIHL) last issued its earnings results on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). The company had revenue of $547.10 million during the quarter, compared to analyst estimates of $582.19 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. On average, analysts anticipate that Fidelis Insurance will post 2.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fidelis Insurance

Several hedge funds have recently modified their holdings of FIHL. American Century Companies Inc. grew its stake in shares of Fidelis Insurance by 62.0% in the 2nd quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock worth $53,261,000 after purchasing an additional 1,249,853 shares during the last quarter. Wellington Management Group LLP grew its stake in Fidelis Insurance by 76.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company’s stock valued at $55,592,000 after buying an additional 1,332,896 shares during the last quarter. Federated Hermes Inc. raised its holdings in Fidelis Insurance by 78.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock worth $17,593,000 after acquiring an additional 474,714 shares during the period. Russell Investments Group Ltd. lifted its position in Fidelis Insurance by 3.0% during the 1st quarter. Russell Investments Group Ltd. now owns 839,237 shares of the company’s stock worth $16,348,000 after acquiring an additional 24,063 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Fidelis Insurance by 213.7% in the first quarter. Boston Partners now owns 714,683 shares of the company’s stock worth $13,922,000 after purchasing an additional 486,888 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.