Fidelis Insurance (NYSE:FIHL) Stock Price Expected to Rise, Barclays Analyst Says

Fidelis Insurance (NYSE:FIHL - Get Free Report) had its price target raised by equities research analysts at Barclays from $16.00 to $17.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential upside of 6.72% from the stock's current price.

Several other analysts also recently commented on the stock. JMP Securities lifted their target price on shares of Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a report on Friday, May 16th. Citigroup reaffirmed an "outperform" rating on shares of Fidelis Insurance in a report on Friday, May 16th. JPMorgan Chase & Co. dropped their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Fidelis Insurance from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.43.

Fidelis Insurance Stock Performance

Shares of FIHL traded down $0.04 during midday trading on Monday, reaching $15.93. The stock had a trading volume of 695,175 shares, compared to its average volume of 572,867. The firm has a 50 day simple moving average of $16.72 and a 200-day simple moving average of $16.34. Fidelis Insurance has a one year low of $14.17 and a one year high of $21.32. The firm has a market cap of $1.76 billion, a PE ratio of -122.53 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 (NYSE:FIHL - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.02. The business had revenue of $658.40 million during the quarter, compared to the consensus estimate of $578.57 million. Fidelis Insurance had a negative net margin of 0.41% and a positive return on equity of 0.20%. As a group, sell-side analysts anticipate that Fidelis Insurance will post 3.12 EPS for the current year.

Institutional Investors Weigh In On Fidelis Insurance

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Garde Capital Inc. bought a new stake in shares of Fidelis Insurance during the 1st quarter valued at approximately $62,000. GAMMA Investing LLC grew its holdings 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 purchasing an additional 4,144 shares during the last quarter. Fiduciary Family Office LLC bought a new stake in shares of Fidelis Insurance during the 1st quarter valued at approximately $162,000. EntryPoint Capital LLC bought a new stake in shares of Fidelis Insurance during the 1st quarter valued at approximately $181,000. Finally, Jump Financial LLC bought a new stake in shares of Fidelis Insurance during the 1st quarter valued at approximately $193,000. 81.99% of the stock is owned by 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.