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

Fidelis Insurance Holdings Limited (NYSE:PLGO) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $27.20.

A number of analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Fidelis Insurance from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Weiss Ratings began coverage on shares of Fidelis Insurance in a research note on Wednesday, May 13th. They set a “buy (b)” rating on the stock. Keefe, Bruyette & Woods upped their target price on shares of Fidelis Insurance from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Zacks Research lowered Fidelis Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Wall Street Zen upgraded Fidelis Insurance from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th.

Fidelis Insurance Trading Down 1.8%

Shares of NYSE:PLGO opened at $25.09 on Friday. The company’s 50 day moving average is $24.28. The company has a market cap of $2.17 billion, a P/E ratio of 6.71 and a beta of 0.28. Fidelis Insurance has a 12-month low of $15.94 and a 12-month high of $26.34. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

Fidelis Insurance (NYSE:PLGO) last released its 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. Fidelis Insurance had a net margin of 15.33% and a return on equity of 14.44%. The company had revenue of $612.20 million for the quarter, compared to analysts’ expectations of $577.19 million. Equities research analysts predict that Fidelis Insurance will post 3.8 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, September 14th. Fidelis Insurance’s dividend payout ratio (DPR) is 16.04%.

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.