Fidelis Insurance Holdings Limited (NYSE:PLGO) Receives $24.33 Consensus Target Price from Analysts

Fidelis Insurance Holdings Limited (NYSE:PLGO) has received an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $24.3333.

A number of research firms recently weighed in on PLGO. Keefe, Bruyette & Woods raised their target price on shares of Fidelis Insurance from $26.50 to $28.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. raised their target price on shares of Fidelis Insurance from $21.00 to $23.00 and gave the company an “underweight” rating in a research report on Tuesday, May 26th. Barclays raised 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. Wall Street Zen raised shares of Fidelis Insurance from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings began coverage on shares of Fidelis Insurance in a research report on Wednesday, May 13th. They issued a “buy (b)” rating for the company.

Fidelis Insurance Price Performance

Shares of PLGO stock opened at $21.54 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. Fidelis Insurance has a 12-month low of $14.80 and a 12-month high of $24.06. The firm has a market cap of $1.86 billion, a PE ratio of 5.76 and a beta of 0.36.

Fidelis Insurance (NYSE:PLGO) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.19. The company had revenue of $612.20 million during the quarter, compared to the consensus estimate of $577.19 million. Fidelis Insurance had a net margin of 15.33% and a return on equity of 14.44%. Research analysts anticipate that Fidelis Insurance will post 3.78 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.