Fidelis Insurance price target raised to $21 from $17 at Citi

Citi analyst Michael Ward raised the firm’s price target on Fidelis Insurance to $21 from $17 and keeps a Buy rating on the shares post the Q4 report. The analyst believes implementation of a regular 10c dividend plus $50M buyback authorization bolster the company’s shareholder commitment. Transparency around Bespoke and pipeline updates will improve investor comfort and mitigate “undue reactions to top-line volatility,” the analyst tells investors in a research note.