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

Fidelis Insurance (NYSE:FIHL) had its price target reduced by equities research analysts at UBS Group from $25.00 to $23.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 58.62% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Barclays lowered their target price on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday. The Goldman Sachs Group reiterated a “sell” rating and issued a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. 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. Finally, JPMorgan Chase & Co. lowered their target price on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.29.

Fidelis Insurance Price Performance

FIHL stock opened at $14.50 on Thursday. The stock has a 50-day moving average price of $16.90 and a two-hundred day moving average price of $17.90. Fidelis Insurance has a 12-month low of $13.28 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 company has a market cap of $1.71 billion, a PE ratio of 3.66 and a beta of 0.48.

Institutional Investors Weigh In On Fidelis Insurance

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. acquired a new stake in Fidelis Insurance during the 3rd quarter valued at approximately $1,144,000. Empowered Funds LLC acquired a new stake in Fidelis Insurance during the 3rd quarter valued at approximately $6,424,000. Barclays PLC grew its stake in Fidelis Insurance by 306.7% during the 3rd quarter. Barclays PLC now owns 68,184 shares of the company’s stock valued at $1,231,000 after purchasing an additional 51,419 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Fidelis Insurance during the 3rd quarter valued at approximately $732,000. Finally, Wedge Capital Management L L P NC bought a new position in Fidelis Insurance during the 4th quarter worth approximately $1,008,000. 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.