Fidelis Insurance Holdings Limited (NYSE:PLGO) Receives $26.60 Average Price Target from Analysts

Fidelis Insurance Holdings Limited (NYSE:PLGO) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $26.60.

A number of research firms have recently issued reports on PLGO. JPMorgan Chase & Co. increased their target price on Fidelis Insurance from $21.00 to $23.00 and gave the company an “underweight” rating in a report on Tuesday, May 26th. Citizens Jmp raised their price target on Fidelis Insurance from $27.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Friday, July 10th. Weiss Ratings assumed coverage on Fidelis Insurance in a report on Wednesday, May 13th. They set a “buy (b)” rating for the company. Zacks Research raised Fidelis Insurance from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Finally, Keefe, Bruyette & Woods increased their price objective on Fidelis Insurance from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th.

Fidelis Insurance Stock Down 0.2%

Shares of Fidelis Insurance stock opened at $25.39 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 6.79 and a beta of 0.29. Fidelis Insurance has a fifty-two week low of $14.80 and a fifty-two week high of $26.02. The company has a 50-day moving average price of $23.54.

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