Fidelis Insurance Holdings Limited (NYSE:PLGO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:PLGO) have earned an average recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $24.3333.

PLGO has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Fidelis Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Barclays boosted their target price on shares of Fidelis Insurance from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, May 15th. Keefe, Bruyette & Woods increased their price target on shares of Fidelis Insurance from $26.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Zacks Research cut shares of Fidelis Insurance from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings assumed coverage on shares of Fidelis Insurance in a research report on Wednesday, May 13th. They set a “buy (b)” rating for the company.

Fidelis Insurance Stock Performance

Shares of NYSE:PLGO traded down $0.03 during trading on Tuesday, reaching $22.76. 450,159 shares of the company traded hands, compared to its average volume of 434,190. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 6.09 and a beta of 0.36. Fidelis Insurance has a 52 week low of $14.80 and a 52 week high of $24.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.70.

Fidelis Insurance (NYSE:PLGO) last issued 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 company 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%. As a group, equities analysts anticipate that Fidelis Insurance will post 3.19 EPS for the current fiscal 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.