Fidelis Insurance (NYSE:PLGO) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Fidelis Insurance (NYSE:PLGO) had its price target increased by stock analysts at Keefe, Bruyette & Woods from $28.00 to $32.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods‘s price objective indicates a potential upside of 9.18% from the stock’s current price.

A number of other analysts have also commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Fidelis Insurance in a research report on Wednesday, November 4th. Barclays decreased their target price on shares of Fidelis Insurance from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, August 13th. Zacks Research downgraded shares of Fidelis Insurance from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th. Wall Street Zen lowered shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, October 18th. Finally, Citizens Jmp boosted their price target on shares of Fidelis Insurance from $28.00 to $29.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fidelis Insurance has an average rating of “Hold” and an average target price of $27.80.

Fidelis Insurance Stock Performance

NYSE PLGO traded up $0.48 during trading on Friday, hitting $29.31. The stock had a trading volume of 152,497 shares, compared to its average volume of 434,499. The firm has a market cap of $2.53 billion, a P/E ratio of 8.18 and a beta of 0.24. The company has a 50-day moving average price of $25.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.65 and a quick ratio of 0.65. Fidelis Insurance has a 12 month low of $17.87 and a 12 month high of $29.70.

Fidelis Insurance (NYSE:PLGO) last released its quarterly earnings results on Wednesday, November 11th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.21. The firm had revenue of $800.90 million during the quarter. Fidelis Insurance had a return on equity of 13.56% and a net margin of 12.47%. As a group, equities analysts anticipate that Fidelis Insurance will post 3.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PLGO. State Street Corp bought a new stake in shares of Fidelis Insurance during the 2nd quarter worth approximately $20,081,000. Citadel Advisors LLC acquired a new stake in shares of Fidelis Insurance in the 2nd quarter valued at approximately $3,713,000. Kendall Capital Management boosted its holdings in shares of Fidelis Insurance by 5.5% in the 3rd quarter. Kendall Capital Management now owns 96,530 shares of the company’s stock valued at $2,284,000 after buying an additional 5,065 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Fidelis Insurance in the second quarter valued at $1,633,000. Finally, Engineers Gate Manager LP bought a new position in shares of Fidelis Insurance in the second quarter valued at $1,468,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited is a specialty insurer and reinsurer focused on providing coverage for complex and less commonly insured risks. Its products span areas such as property, marine, aviation, energy, and other specialty lines, serving businesses and clients in markets around the world. Founded in 2015, the company is headquartered in Bermuda and operates internationally. Fidelis Insurance Holdings is listed on the New York Stock Exchange under the symbol FIHL; PLGO does not appear to be its ticker symbol.