Fidelis Insurance Holdings Limited (NYSE:PLGO) Receives Average Recommendation of “Moderate Buy” from Analysts

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

Several research firms have commented on PLGO. Weiss Ratings began coverage on Fidelis Insurance in a report on Wednesday, May 13th. They issued a “buy (b)” rating for the company. Barclays upped their price target on Fidelis Insurance from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, May 15th. Zacks Research raised Fidelis Insurance from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, May 28th. Wall Street Zen raised Fidelis Insurance from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Keefe, Bruyette & Woods upped their price target on Fidelis Insurance from $26.50 to $28.00 and gave the company an “outperform” rating in a report on Friday, May 15th.

Fidelis Insurance Stock Down 0.1%

Fidelis Insurance stock opened at $22.92 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 6.13 and a beta of 0.35. Fidelis Insurance has a 12 month low of $14.80 and a 12 month high of $24.06.

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