Fidelis Insurance (NYSE:FIHL) Given New $18.00 Price Target at Barclays

Fidelis Insurance (NYSE:FIHL) had its target price reduced by Barclays from $20.00 to $18.00 in a research report report published on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

FIHL has been the subject of several other reports. Keefe, Bruyette & Woods cut their target price on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their price objective 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. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Fidelis Insurance has an average rating of “Hold” and a consensus price target of $20.29.

Fidelis Insurance Price Performance

Shares of NYSE FIHL opened at $15.37 on Thursday. Fidelis Insurance has a twelve month low of $13.10 and a twelve 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 firm has a 50-day moving average of $16.99 and a two-hundred day moving average of $17.91. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 3.88 and a beta of 0.48.

Hedge Funds Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Fidelis Insurance in the fourth quarter worth $26,000. Venturi Wealth Management LLC lifted its stake in Fidelis Insurance by 1,862.9% in the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after acquiring an additional 5,831 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Fidelis Insurance during the 3rd quarter worth about $195,000. Fox Run Management L.L.C. acquired a new stake in Fidelis Insurance during the 4th quarter worth about $235,000. Finally, Summit Global Investments purchased a new position in Fidelis Insurance during the 3rd quarter valued at about $238,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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.