Barclays Issues Pessimistic Forecast for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its price objective reduced by analysts at Barclays from $18.00 to $16.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 2.50% from the company’s current price.

Several other research analysts have also weighed in on FIHL. JPMorgan Chase & Co. dropped their price target on Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their target price on Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday. The Goldman Sachs Group reissued a “sell” rating and issued a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Finally, UBS Group boosted their price objective on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.71.

Fidelis Insurance Price Performance

FIHL stock opened at $15.61 on Friday. Fidelis Insurance has a one year low of $14.17 and a one year high of $21.32. The firm has a 50-day moving average of $15.63 and a two-hundred day moving average of $17.23. The firm has a market capitalization of $1.74 billion, a PE ratio of 3.94 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.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FIHL. R Squared Ltd bought a new stake in Fidelis Insurance in the fourth quarter worth $26,000. GAMMA Investing LLC lifted its position in shares of Fidelis Insurance by 1,267.3% in the first quarter. GAMMA Investing LLC now owns 4,471 shares of the company’s stock worth $72,000 after buying an additional 4,144 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Fidelis Insurance by 1,862.9% in the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after buying an additional 5,831 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Fidelis Insurance during the 3rd quarter worth about $195,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Fidelis Insurance during the 4th quarter valued at about $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.