Keefe, Bruyette & Woods Issues Positive Forecast for Fidelis Insurance (NYSE:PLGO) Stock Price

Fidelis Insurance (NYSE:PLGO) had its target price increased by Keefe, Bruyette & Woods from $26.50 to $28.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.

PLGO has been the subject of a number of other research reports. Weiss Ratings started coverage on Fidelis Insurance in a report on Wednesday. They set a “buy (b)” rating for the company. Barclays boosted 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. Finally, Zacks Research cut Fidelis Insurance from a “hold” rating to a “strong sell” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.00.

Fidelis Insurance Price Performance

Shares of PLGO stock opened at $23.15 on Friday. Fidelis Insurance has a twelve month low of $14.80 and a twelve month high of $23.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $2.00 billion, a P/E ratio of 6.19 and a beta of 0.36.

Fidelis Insurance (NYSE:PLGO) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.94 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 14.25%. The company had revenue of $612.20 million during the quarter, compared to the consensus estimate of $577.19 million. Equities analysts predict that Fidelis Insurance will post 3.19 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.