Evercore ISI Increases Fidelis Insurance (NYSE:FIHL) Price Target to $19.00

Fidelis Insurance (NYSE:FIHL) had its target price increased by equities research analysts at Evercore ISI from $18.00 to $19.00 in a report issued on Wednesday, Marketbeat.com reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective would indicate a potential upside of 6.95% from the company’s current price.

Several other research firms have also recently weighed in on FIHL. Keefe, Bruyette & Woods increased their price objective on Fidelis Insurance from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Barclays increased their price objective on Fidelis Insurance from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Monday, July 7th. Finally, Zacks Research raised Fidelis Insurance from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fidelis Insurance currently has a consensus rating of “Hold” and an average target price of $20.43.

Fidelis Insurance Stock Down 0.1%

FIHL opened at $17.77 on Wednesday. Fidelis Insurance has a 1-year low of $14.17 and a 1-year high of $21.32. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -43.33 and a beta of 0.28. The business has a 50 day moving average of $16.97 and a 200-day moving average of $16.57.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.24. Fidelis Insurance had a negative return on equity of 1.81% and a negative net margin of 1.70%.The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $604.62 million. As a group, sell-side analysts anticipate that Fidelis Insurance will post 3.12 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. North Capital Inc. acquired a new position in Fidelis Insurance during the second quarter worth $33,000. Garde Capital Inc. acquired a new position in Fidelis Insurance during the first quarter worth $62,000. GAMMA Investing LLC raised its stake in Fidelis Insurance by 1,267.3% during the first quarter. GAMMA Investing LLC now owns 4,471 shares of the company’s stock worth $72,000 after acquiring an additional 4,144 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Fidelis Insurance by 15.3% in the second quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock valued at $101,000 after buying an additional 810 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Fidelis Insurance by 444.4% in the second quarter. CWM LLC now owns 7,131 shares of the company’s stock valued at $118,000 after buying an additional 5,821 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.