Fidelis Insurance Holdings Limited (NYSE:PLGO) Receives $26.60 Consensus PT from Brokerages

Fidelis Insurance Holdings Limited (NYSE:PLGO) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $26.60.

A number of research analysts have recently issued reports on PLGO shares. Barclays lifted their price target on Fidelis Insurance from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on Fidelis Insurance from $21.00 to $23.00 and gave the company an “underweight” rating in a research report on Tuesday, May 26th. Weiss Ratings started coverage on shares of Fidelis Insurance in a report on Wednesday, May 13th. They issued a “buy (b)” rating for the company. Keefe, Bruyette & Woods increased their price target on shares of Fidelis Insurance from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Finally, UBS Group raised their price target on shares of Fidelis Insurance from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, July 8th.

Fidelis Insurance Price Performance

Shares of PLGO stock opened at $25.39 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $2.19 billion, a P/E ratio of 6.79 and a beta of 0.29. The stock has a 50-day moving average of $23.54. Fidelis Insurance has a one year low of $14.80 and a one year high of $26.02.

Fidelis Insurance (NYSE:PLGO) last announced 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. Fidelis Insurance had a return on equity of 14.44% and a net margin of 15.33%.The firm had revenue of $612.20 million for the quarter, compared to analyst estimates of $577.19 million. On average, research analysts expect that Fidelis Insurance will post 3.78 EPS for the current fiscal year.

Fidelis Insurance Company Profile

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.