Fidelis Insurance’s (FIHL) “Sell” Rating Reaffirmed at The Goldman Sachs Group

The Goldman Sachs Group reissued their sell rating on shares of Fidelis Insurance (NYSE:FIHL) in a report published on Wednesday, MarketBeat Ratings reports. The Goldman Sachs Group currently has a $16.00 target price on the stock, down from their previous target price of $21.00.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods lifted their price objective 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. Barclays dropped their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Fidelis Insurance has an average rating of “Hold” and an average target price of $21.00.

Fidelis Insurance Trading Down 2.3 %

Shares of NYSE FIHL opened at $16.54 on Wednesday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 4.18 and a beta of 0.53. Fidelis Insurance has a 1-year low of $11.80 and a 1-year high of $21.32. The business’s 50 day moving average is $18.81 and its two-hundred day moving average is $18.03. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Fidelis Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.42%. Fidelis Insurance’s payout ratio is 10.10%.

Hedge Funds Weigh In On Fidelis Insurance

A number of hedge funds have recently added to or reduced their stakes in FIHL. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fidelis Insurance during the second quarter valued at approximately $140,000. Y Intercept Hong Kong Ltd bought a new stake in Fidelis Insurance during the 3rd quarter valued at $195,000. Summit Global Investments purchased a new stake in shares of Fidelis Insurance in the 3rd quarter worth $238,000. Caprock Group LLC bought a new position in shares of Fidelis Insurance during the 2nd quarter worth $265,000. Finally, Intech Investment Management LLC purchased a new position in shares of Fidelis Insurance during the third quarter valued at $269,000. 81.99% of the stock is currently owned by institutional investors.

About Fidelis Insurance

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.