Keefe, Bruyette & Woods Issues Positive Forecast for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its target price boosted by Keefe, Bruyette & Woods from $24.00 to $26.00 in a research report released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on FIHL. Evercore set a $21.00 price target on Fidelis Insurance in a research note on Wednesday, January 7th. Wall Street Zen lowered Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Weiss Ratings restated a “hold (c)” rating on shares of Fidelis Insurance in a report on Monday, December 29th. UBS Group boosted their target price on Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $21.00 price target (up from $19.00) on shares of Fidelis Insurance in a research report on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fidelis Insurance has an average rating of “Hold” and an average target price of $22.21.

Fidelis Insurance Price Performance

Shares of FIHL stock opened at $20.07 on Monday. Fidelis Insurance has a 1 year low of $14.17 and a 1 year high of $20.50. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $19.25 and its 200-day moving average is $18.44. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -401.40 and a beta of 0.25.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 16th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, March 16th. Fidelis Insurance’s dividend payout ratio (DPR) is presently -1,200.00%.

Hedge Funds Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. North Capital Inc. bought a new stake in shares of Fidelis Insurance in the second quarter valued at about $33,000. Focus Partners Wealth bought a new stake in Fidelis Insurance in the 3rd quarter valued at approximately $77,000. Ameritas Investment Partners Inc. boosted its position in Fidelis Insurance by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock worth $101,000 after acquiring an additional 810 shares during the last quarter. CWM LLC boosted its position in Fidelis Insurance by 444.4% during the 2nd quarter. CWM LLC now owns 7,131 shares of the company’s stock worth $118,000 after acquiring an additional 5,821 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Fidelis Insurance by 58.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after acquiring an additional 2,885 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

About Fidelis Insurance

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.