JPMorgan Chase & Co. Issues Pessimistic Forecast for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its price target reduced by analysts at JPMorgan Chase & Co. from $21.00 to $20.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.67% from the stock’s current price.

Several other equities research analysts also recently commented on FIHL. The Goldman Sachs Group initiated coverage on Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective for the company. Keefe, Bruyette & Woods lifted their price target on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.50.

Fidelis Insurance Stock Performance

Shares of FIHL opened at $17.29 on Friday. Fidelis Insurance has a 12 month low of $11.80 and a 12 month high of $21.32. The business’s fifty day simple moving average is $18.83 and its two-hundred day simple moving average is $17.99. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 4.37 and a beta of 0.29.

Institutional Trading of Fidelis Insurance

Several large investors have recently added to or reduced their stakes in FIHL. Natixis Advisors LLC bought a new position in Fidelis Insurance in the 2nd quarter worth $1,108,000. Caprock Group LLC purchased a new position in shares of Fidelis Insurance during the 2nd quarter valued at about $265,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelis Insurance during the 2nd quarter valued at about $140,000. American Century Companies Inc. grew its stake in shares of Fidelis Insurance by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock valued at $53,261,000 after acquiring an additional 1,249,853 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Fidelis Insurance by 78.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock worth $17,593,000 after acquiring an additional 474,714 shares in the last quarter. 81.99% of the stock is currently 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.