Fidelis Insurance Holdings Limited (NYSE:PLGO) Given Consensus Rating of “Moderate Buy” by Brokerages

Fidelis Insurance Holdings Limited (NYSE:PLGO) has earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $24.3333.

Several analysts recently commented on PLGO shares. Zacks Research raised Fidelis Insurance from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. raised their target price on Fidelis Insurance from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Tuesday, May 26th. Wall Street Zen raised Fidelis Insurance from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Barclays raised their target price on Fidelis Insurance from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, May 15th. Finally, Weiss Ratings started coverage on Fidelis Insurance in a report on Wednesday, May 13th. They set a “buy (b)” rating on the stock.

Fidelis Insurance Price Performance

Shares of PLGO stock opened at $21.81 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.88 billion, a PE ratio of 5.83 and a beta of 0.36. Fidelis Insurance has a fifty-two week low of $14.80 and a fifty-two week high of $24.06.

Fidelis Insurance (NYSE:PLGO) last posted its earnings results on Wednesday, May 13th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.75 by $0.19. The firm had revenue of $612.20 million for the quarter, compared to analyst estimates of $577.19 million. Fidelis Insurance had a return on equity of 14.44% and a net margin of 15.33%. As a group, equities analysts predict that Fidelis Insurance will post 3.78 earnings per share for the current fiscal year.

About Fidelis Insurance

Fidelis is a leading global provider of bespoke and specialty insurance and reinsurance products. We believe our differentiated underwriting positions us well to generate strong returns across (re)insurance cycles. Current Fidelis is led by Mr. Daniel Burrows who has more than 35 years of experience in the insurance industry and is supported by a highly experienced management team that manages the operations of Current Fidelis based on our founding principles. Following the Separation Transactions, Current Fidelis is positioned as a global, specialty insurance provider with exclusive right of first access to Fidelis MGU’s underwriting business during the term of the Framework Agreement.