Fidelis Insurance (NYSE:FIHL) Rating Reiterated by JMP Securities

Fidelis Insurance (NYSE:FIHLGet Free Report)‘s stock had its “market outperform” rating reiterated by investment analysts at JMP Securities in a note issued to investors on Monday, Benzinga reports. They presently have a $24.00 price target on the stock. JMP Securities’ price objective would indicate a potential upside of 29.59% from the stock’s current price.

A number of other research analysts have also issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Fidelis Insurance from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of Fidelis Insurance from $17.00 to $17.50 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.44.

Get Our Latest Research Report on FIHL

Fidelis Insurance Stock Up 0.1 %

FIHL traded up $0.02 during trading hours on Monday, reaching $18.52. 132,960 shares of the stock traded hands, compared to its average volume of 603,928. Fidelis Insurance has a fifty-two week low of $11.55 and a fifty-two week high of $19.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $2.18 billion and a price-to-earnings ratio of 0.97. The firm’s fifty day simple moving average is $16.66 and its two-hundred day simple moving average is $14.41.

Fidelis Insurance (NYSE:FIHLGet Free Report) last released its earnings results on Thursday, February 29th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.41. Fidelis Insurance had a net margin of 59.30% and a return on equity of 20.23%. The firm had revenue of $553.70 million during the quarter, compared to analyst estimates of $522.52 million. As a group, analysts forecast that Fidelis Insurance will post 3.24 earnings per share for the current fiscal year.

Institutional Trading of Fidelis Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of Fidelis Insurance by 22.3% in the fourth quarter. Royal Bank of Canada now owns 6,963 shares of the company’s stock valued at $88,000 after purchasing an additional 1,271 shares in the last quarter. Amalgamated Bank bought a new stake in shares of Fidelis Insurance in the 3rd quarter valued at approximately $26,000. Prospector Partners LLC raised its holdings in shares of Fidelis Insurance by 0.4% in the 4th quarter. Prospector Partners LLC now owns 564,593 shares of the company’s stock worth $7,153,000 after buying an additional 2,395 shares in the last quarter. UBS Group AG acquired a new stake in Fidelis Insurance in the 3rd quarter valued at $42,000. Finally, California State Teachers Retirement System bought a new stake in Fidelis Insurance in the third quarter valued at $49,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

About Fidelis Insurance

(Get Free Report)

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.

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Analyst Recommendations for Fidelis Insurance (NYSE:FIHL)

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