Susquehanna Fundamental Investments LLC Acquires New Stake in Fidelis Insurance Holdings Limited $PLGO

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:PLGO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 67,063 shares of the company’s stock, valued at approximately $1,633,000.

Separately, Susquehanna International Group LLP purchased a new stake in shares of Fidelis Insurance in the second quarter worth $388,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PLGO shares. UBS Group lifted their price target on Fidelis Insurance from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Citizens Jmp increased their price objective on shares of Fidelis Insurance from $28.00 to $29.00 and gave the company a “market outperform” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. raised their price objective on shares of Fidelis Insurance from $23.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, July 20th. Wall Street Zen cut shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelis Insurance in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.00.

Fidelis Insurance Price Performance

Shares of NYSE:PLGO opened at $24.71 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.65 and a current ratio of 0.65. Fidelis Insurance Holdings Limited has a 1 year low of $16.96 and a 1 year high of $26.34. The company has a market capitalization of $2.13 billion, a P/E ratio of 6.06 and a beta of 0.28. The firm’s fifty day simple moving average is $24.75.

Fidelis Insurance (NYSE:PLGO) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.34 EPS for the quarter. Fidelis Insurance had a return on equity of 15.26% and a net margin of 15.94%.The company had revenue of $650.00 million during the quarter. On average, sell-side analysts anticipate that Fidelis Insurance Holdings Limited will post 3.21 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 14th will be paid a $0.15 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.4%. Fidelis Insurance’s payout ratio is currently 14.71%.

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.