Fidelis Insurance (NYSE:FIHL) Price Target Lowered to $18.00 at JPMorgan Chase & Co.

Fidelis Insurance (NYSE:FIHL) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $19.00 to $18.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.61% from the stock’s previous close.

Several other research analysts have also recently issued reports on FIHL. UBS Group increased their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Barclays cut their price objective on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, February 20th. Keefe, Bruyette & Woods cut their price target on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a research 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.29.

Fidelis Insurance Trading Up 4.4 %

Shares of NYSE:FIHL traded up $0.66 during trading on Tuesday, reaching $15.57. The company’s stock had a trading volume of 61,627 shares, compared to its average volume of 660,150. The stock has a market capitalization of $1.74 billion, a PE ratio of 3.93 and a beta of 0.28. 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’s 50 day simple moving average is $15.78 and its two-hundred day simple moving average is $17.33. Fidelis Insurance has a 12 month low of $14.17 and a 12 month high of $21.32.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98). The company had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. On average, research analysts predict that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd purchased a new stake in Fidelis Insurance during the 4th quarter worth approximately $26,000. GAMMA Investing LLC raised its position in shares of Fidelis Insurance by 1,267.3% during the 1st quarter. GAMMA Investing LLC now owns 4,471 shares of the company’s stock valued at $72,000 after buying an additional 4,144 shares during the period. Venturi Wealth Management LLC increased its stake in Fidelis Insurance by 1,862.9% during the fourth 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 during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Fidelis Insurance in the 3rd quarter valued at approximately $195,000. Finally, Fox Run Management L.L.C. purchased a new position in Fidelis Insurance in the fourth quarter valued at $235,000. 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.