Keefe, Bruyette & Woods Boosts Fidelis Insurance (NYSE:FIHL) Price Target to $26.00

Fidelis Insurance (NYSE:FIHL) had its target price raised by Keefe, Bruyette & Woods from $24.00 to $26.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 29.48% from the company’s current price.

Several other research analysts have also recently weighed in on FIHL. Wall Street Zen cut shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. The Goldman Sachs Group set a $17.50 target price on Fidelis Insurance in a research report on Saturday, January 17th. Evercore set a $21.00 price target on Fidelis Insurance in a report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelis Insurance in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $21.00 price objective (up from $19.00) on shares of Fidelis Insurance in a research report on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fidelis Insurance currently has an average rating of “Hold” and an average target price of $22.21.

Fidelis Insurance Stock Performance

NYSE FIHL opened at $20.08 on Monday. Fidelis Insurance has a 12-month low of $14.17 and a 12-month high of $20.15. 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 company has a market cap of $2.22 billion, a P/E ratio of -400.26 and a beta of 0.25. The company has a fifty day simple moving average of $19.23 and a 200 day simple moving average of $18.42.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FIHL. Creative Planning increased its stake in Fidelis Insurance by 379.6% in the 2nd quarter. Creative Planning now owns 68,411 shares of the company’s stock worth $1,134,000 after purchasing an additional 54,146 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Fidelis Insurance by 332.5% in the second quarter. JPMorgan Chase & Co. now owns 937,527 shares of the company’s stock worth $15,544,000 after purchasing an additional 720,734 shares during the last quarter. Stephens Inc. AR purchased a new position in shares of Fidelis Insurance in the third quarter worth $3,311,000. Loomis Sayles & Co. L P raised its holdings in Fidelis Insurance by 12.2% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,303,167 shares of the company’s stock valued at $21,607,000 after buying an additional 142,089 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in Fidelis Insurance during the 2nd quarter valued at $1,808,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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.