Fidelis Insurance (NYSE:PLGO) Given New $29.00 Price Target at Keefe, Bruyette & Woods

Fidelis Insurance (NYSE:PLGO) had its target price increased by equities research analysts at Keefe, Bruyette & Woods from $28.00 to $29.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 18.14% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Fidelis Insurance from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Tuesday, May 26th. Zacks Research upgraded shares of Fidelis Insurance from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of Fidelis Insurance from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings assumed coverage on Fidelis Insurance in a research note on Wednesday, May 13th. They issued a “buy (b)” rating for the company. Finally, Barclays boosted their price objective on Fidelis Insurance from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.33.

Fidelis Insurance Stock Performance

Fidelis Insurance stock traded up $0.07 during mid-day trading on Wednesday, hitting $24.55. The company’s stock had a trading volume of 45,099 shares, compared to its average volume of 437,220. Fidelis Insurance has a 12 month low of $14.80 and a 12 month high of $25.60. 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 $2.12 billion, a PE ratio of 6.53 and a beta of 0.29.

Fidelis Insurance (NYSE:PLGO) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.19. The business had revenue of $612.20 million for 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%. Research analysts expect 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.