Keefe, Bruyette & Woods Has Lowered Expectations for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its price target cut by Keefe, Bruyette & Woods from $25.00 to $22.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

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

Fidelis Insurance Trading Down 5.6 %

Shares of FIHL stock opened at $14.50 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 3.66 and a beta of 0.48. The stock has a 50 day simple moving average of $16.90 and a 200-day simple moving average of $17.91. Fidelis Insurance has a 1-year low of $13.28 and a 1-year high of $21.32.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio is currently 10.10%.

Institutional Investors Weigh In On Fidelis Insurance

A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its holdings in shares of Fidelis Insurance by 18.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 47,804 shares of the company’s stock valued at $867,000 after acquiring an additional 7,300 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Fidelis Insurance by 1,243.1% in the 4th quarter. Voloridge Investment Management LLC now owns 178,320 shares of the company’s stock valued at $3,233,000 after purchasing an additional 165,043 shares during the last quarter. Zimmer Partners LP purchased a new position in shares of Fidelis Insurance in the 4th quarter valued at approximately $31,991,000. Squarepoint Ops LLC purchased a new position in shares of Fidelis Insurance in the 4th quarter valued at approximately $399,000. Finally, Two Sigma Advisers LP grew its stake in shares of Fidelis Insurance by 52.2% in the 4th quarter. Two Sigma Advisers LP now owns 522,800 shares of the company’s stock valued at $9,478,000 after purchasing an additional 179,200 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

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.