Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.67 Consensus Price Target from Brokerages

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have earned an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.6667.

A number of analysts have issued reports on FIHL shares. Barclays lifted their price objective on Fidelis Insurance from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods boosted their price target on shares of Fidelis Insurance from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. JMP Securities upped their price target on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a “market outperform” rating in a research note on Friday, May 16th. Finally, Citigroup reissued an “outperform” rating on shares of Fidelis Insurance in a research note on Friday, May 16th.

Institutional Trading of Fidelis Insurance

Several hedge funds and other institutional investors have recently bought and sold shares of FIHL. JPMorgan Chase & Co. lifted its stake in Fidelis Insurance by 33.0% in the fourth quarter. JPMorgan Chase & Co. now owns 151,156 shares of the company’s stock worth $2,740,000 after purchasing an additional 37,544 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Fidelis Insurance by 77.6% during the 4th quarter. Wells Fargo & Company MN now owns 42,484 shares of the company’s stock worth $770,000 after acquiring an additional 18,562 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Fidelis Insurance by 3.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company’s stock worth $1,167,000 after acquiring an additional 1,967 shares during the last quarter. Invesco Ltd. boosted its holdings in Fidelis Insurance by 1.6% during the 4th quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock valued at $1,656,000 after acquiring an additional 1,475 shares during the period. Finally, Legal & General Group Plc grew its position in Fidelis Insurance by 38.8% in the 4th quarter. Legal & General Group Plc now owns 19,971 shares of the company’s stock valued at $362,000 after acquiring an additional 5,583 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Stock Performance

Shares of NYSE FIHL opened at $17.13 on Tuesday. The company has a market cap of $1.90 billion, a P/E ratio of -41.78 and a beta of 0.25. Fidelis Insurance has a 52-week low of $14.17 and a 52-week high of $21.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.68 and a current ratio of 0.68. The firm’s fifty day moving average is $16.14 and its two-hundred day moving average is $16.16.

Fidelis Insurance (NYSE:FIHL) last issued its earnings results on Wednesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.24. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $604.62 million. Fidelis Insurance had a negative return on equity of 1.78% and a negative net margin of 1.70%. As a group, analysts anticipate that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

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.