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

Fidelis Insurance (NYSE:FIHL - Get Free Report) had its price objective upped by analysts at Barclays from $16.00 to $17.00 in a report released on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential upside of 6.78% from the company's current price.

FIHL has been the topic of a number of other research reports. JMP Securities upped their price target on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a "market outperform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. cut their target price 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 increased their price objective on Fidelis Insurance from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. Finally, Citigroup reiterated an "outperform" rating on shares of Fidelis Insurance in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Fidelis Insurance has a consensus rating of "Hold" and an average target price of $20.43.

Fidelis Insurance Stock Down 1.7%

Shares of FIHL stock traded down $0.27 during trading hours on Monday, reaching $15.92. 761,376 shares of the company's stock were exchanged, compared to its average volume of 571,501. The stock's 50 day moving average is $16.74 and its 200-day moving average is $16.36. The company has a market cap of $1.76 billion, a price-to-earnings ratio of -122.45 and a beta of 0.27. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.19. Fidelis Insurance has a fifty-two week low of $14.17 and a fifty-two week high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.02. Fidelis Insurance had a positive return on equity of 0.20% and a negative net margin of 0.41%. The company had revenue of $658.40 million for the quarter, compared to analyst estimates of $578.57 million. Analysts predict that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fidelis Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Fidelis Insurance by 2.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company's stock worth $529,000 after purchasing an additional 661 shares during the period. Sterling Capital Management LLC grew its position in shares of Fidelis Insurance by 6.5% during the 4th 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. Invesco Ltd. grew its position in shares of Fidelis Insurance by 1.6% during the 4th quarter. Invesco Ltd. now owns 91,317 shares of the company's stock valued at $1,656,000 after acquiring an additional 1,475 shares during the period. Uniplan Investment Counsel Inc. grew its position in shares of Fidelis Insurance by 0.9% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 208,868 shares of the company's stock valued at $3,384,000 after acquiring an additional 1,793 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Fidelis Insurance by 3.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 64,379 shares of the company's stock valued at $1,167,000 after acquiring an additional 1,967 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

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.