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

Fidelis Insurance Holdings Limited (NYSE:PLGO) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $24.3333.

Several equities analysts recently weighed in on PLGO shares. Wall Street Zen raised Fidelis Insurance from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research raised Fidelis Insurance from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on Fidelis Insurance from $21.00 to $23.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 26th. Keefe, Bruyette & Woods boosted their price objective on Fidelis Insurance from $26.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Weiss Ratings started coverage on Fidelis Insurance in a research report on Wednesday, May 13th. They set a “buy (b)” rating for the company.

Fidelis Insurance Trading Down 0.1%

PLGO opened at $22.92 on Friday. The stock has a market cap of $1.98 billion, a PE ratio of 6.13 and a beta of 0.35. Fidelis Insurance has a 52-week low of $14.80 and a 52-week high of $24.06. 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 (NYSE:PLGO) last released its quarterly earnings results 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 return on equity of 14.44% and a net margin of 15.33%. As a group, equities research analysts forecast that Fidelis Insurance will post 3.78 earnings per share 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.