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

Shares of Fidelis Insurance Holdings Limited (NYSE:PLGO) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $26.60.

A number of research firms have commented on PLGO. Citizens Jmp raised their target price on shares of Fidelis Insurance from $27.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Friday, July 10th. Wall Street Zen raised Fidelis Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelis Insurance from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. UBS Group lifted their target price on Fidelis Insurance from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Fidelis Insurance from $21.00 to $23.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 26th.

Fidelis Insurance Stock Down 0.4%

Fidelis Insurance stock opened at $25.25 on Wednesday. Fidelis Insurance has a 52-week low of $14.80 and a 52-week high of $25.60. The company has a market cap of $2.18 billion, a P/E ratio of 6.75 and a beta of 0.29. 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 company’s 50-day moving average price is $23.42.

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

Fidelis Insurance Company Profile

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.