Barclays Has Lowered Expectations for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its price target cut by Barclays from $21.00 to $20.00 in a report released on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts also recently commented on the stock. The Goldman Sachs Group began coverage on shares of Fidelis Insurance in a report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 price objective on the stock. JPMorgan Chase & Co. dropped their price target on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.00.

Fidelis Insurance Stock Down 2.3 %

Fidelis Insurance stock opened at $16.54 on Monday. The stock’s 50 day moving average price is $18.81 and its 200 day moving average price is $18.03. The company has a market cap of $1.95 billion, a PE ratio of 4.18 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. Fidelis Insurance has a 1-year low of $11.80 and a 1-year high of $21.32.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, November 29th. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

Institutional Investors Weigh In On Fidelis Insurance

A number of hedge funds have recently bought and sold shares of FIHL. Principal Financial Group Inc. acquired a new stake in Fidelis Insurance during the third quarter worth about $1,144,000. Empowered Funds LLC bought a new stake in shares of Fidelis Insurance in the 3rd quarter worth $6,424,000. Interval Partners LP lifted its holdings in Fidelis Insurance by 75.6% in the 2nd 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. Barclays PLC boosted its stake in shares of Fidelis Insurance by 306.7% during the 3rd quarter. Barclays PLC now owns 68,184 shares of the company’s stock worth $1,231,000 after acquiring an additional 51,419 shares in the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Fidelis Insurance in the second quarter worth approximately $1,196,000. 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.