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

Fidelis Insurance (NYSE:FIHL) had its price objective trimmed by Barclays from $20.00 to $18.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other brokerages have also recently commented on FIHL. JPMorgan Chase & Co. lowered their price target 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. Keefe, Bruyette & Woods decreased 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 report on Friday, January 10th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.29.

Fidelis Insurance Stock Performance

Shares of NYSE FIHL opened at $15.37 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. Fidelis Insurance has a one year low of $13.10 and a one year high of $21.32. The business’s 50-day moving average price is $16.99 and its two-hundred day moving average price is $17.91. The company has a market capitalization of $1.81 billion, a P/E ratio of 3.88 and a beta of 0.48.

Institutional Investors Weigh In On Fidelis Insurance

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Fidelis Insurance by 2.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company’s stock worth $529,000 after buying an additional 661 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Fidelis Insurance by 4.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company’s stock worth $327,000 after acquiring an additional 770 shares during the period. R Squared Ltd acquired a new position in Fidelis Insurance during the 4th quarter worth $26,000. Sterling Capital Management LLC boosted its holdings in Fidelis Insurance by 6.5% during the fourth quarter. Sterling Capital Management LLC now owns 23,889 shares of the company’s stock valued at $433,000 after acquiring an additional 1,448 shares during the period. Finally, Invesco Ltd. grew its position in shares of Fidelis Insurance by 1.6% in the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock valued at $1,656,000 after purchasing an additional 1,475 shares during the last quarter. Institutional investors 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.