Fidelis Insurance (NYSE:FIHL) Price Target Lowered to $23.00 at UBS Group

Fidelis Insurance (NYSE:FIHL) had its target price lowered by UBS Group from $25.00 to $23.00 in a research note issued to investors on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

FIHL has been the topic of several other research reports. The Goldman Sachs Group restated a “sell” rating and issued a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday. Barclays decreased their target price on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.29.

Fidelis Insurance Trading Down 5.6 %

NYSE:FIHL opened at $14.50 on Thursday. The stock’s 50 day moving average price is $16.90 and its 200 day moving average price is $17.91. The company has a market capitalization of $1.71 billion, a PE ratio of 3.66 and a beta of 0.48. Fidelis Insurance has a 52-week low of $13.28 and a 52-week high of $21.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

Fidelis Insurance Announces Dividend

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

Institutional Trading of Fidelis Insurance

Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its position in Fidelis Insurance by 18.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 47,804 shares of the company’s stock valued at $867,000 after buying an additional 7,300 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of Fidelis Insurance by 1,243.1% during the fourth quarter. Voloridge Investment Management LLC now owns 178,320 shares of the company’s stock valued at $3,233,000 after acquiring an additional 165,043 shares in the last quarter. Zimmer Partners LP acquired a new stake in Fidelis Insurance during the 4th quarter valued at approximately $31,991,000. Squarepoint Ops LLC bought a new stake in shares of Fidelis Insurance in the fourth quarter worth $399,000. Finally, Two Sigma Advisers LP raised 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 in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

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.