UBS Group Has Lowered Expectations for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its price target cut by investment analysts at UBS Group from $25.00 to $23.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 56.46% from the company’s previous close.

FIHL has been the topic of a number of other research reports. The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced 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. Barclays dropped their target price on shares of Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Keefe, Bruyette & Woods cut their price target on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday. 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 presently has a consensus rating of “Hold” and a consensus target price of $20.29.

Fidelis Insurance Stock Performance

Shares of Fidelis Insurance stock traded down $1.79 on Thursday, reaching $14.70. 749,647 shares of the stock were exchanged, compared to its average volume of 518,966. The firm has a market capitalization of $1.73 billion, a PE ratio of 3.70 and a beta of 0.48. The business has a fifty day moving average price of $17.07 and a two-hundred day moving average price of $17.93. Fidelis Insurance has a 1-year low of $13.10 and a 1-year high of $21.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Institutional Trading of Fidelis Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIHL. American Century Companies Inc. lifted its holdings in Fidelis Insurance by 6.7% in the 4th quarter. American Century Companies Inc. now owns 3,577,018 shares of the company’s stock valued at $64,851,000 after purchasing an additional 225,952 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Fidelis Insurance by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company’s stock valued at $58,754,000 after buying an additional 162,524 shares during the last quarter. Zimmer Partners LP purchased a new position in shares of Fidelis Insurance during the fourth quarter valued at approximately $31,991,000. Citadel Advisors LLC boosted its position in Fidelis Insurance by 2,922.7% during the fourth quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company’s stock worth $28,462,000 after acquiring an additional 1,517,927 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in Fidelis Insurance in the 4th quarter worth approximately $24,435,000. Hedge funds and other 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.