What Does Wall Street Think About Fidelis Insurance Holdings (FIHL)?

Fidelis Insurance Holdings Limited (NYSE:FIHL) is one of the most undervalued small cap stocks to invest in now. On October 8, Barclays lifted the price target on Fidelis Insurance Holdings Limited (NYSE:FIHL) to $19 from $17 while keeping an Equal Weight rating on the shares. The rating update was released as part of a Q3 earnings preview for the property and casualty insurance group.

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The firm told investors that the setup for the sector is largely consistent with the previous quarter, with the continuation of pricing pressure across lines. However, the firm believes that the drop in the volume of property catastrophe premiums renewing in the third quarter “may offer a modest quarter-over-quarter reprieve.”

Keefe Bruyette also lifted the price target on Fidelis Insurance Holdings Limited (NYSE:FIHL) to $24 from $22 on October 6, while maintaining an Outperform rating on the shares.

In addition, Fidelis Insurance Holdings Limited (NYSE:FIHL) received a rating update from Evercore ISI on October 1, with the firm raising its price target on the stock to $19 from $18 while keeping an In Line rating.

The firm told investors that it is updating the price targets for the Global Insurance P&C companies under its coverage, and is expecting Q3 to be a “solid quarter” irrespective of the sector’s underperformance and mixed stock price performance.

Fidelis Insurance Holdings Limited (NYSE:FIHL) is a global specialty insurer that leverages strategic partnerships to provide tailored and innovative insurance solutions. The company’s operations are divided into the following segments: Insurance and Reinsurance.

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Disclosure: None. This article is originally published at Insider Monkey.