Fidelis Insurance (NYSE:PLGO) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Fidelis Insurance (NYSE:PLGO – Get Free Report) had its price target boosted by research analysts at Keefe, Bruyette & Woods from $26.50 to $28.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 19.54% from the company’s current price.

PLGO has been the subject of a number of other reports. Barclays upped their price target on shares of Fidelis Insurance from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday. Weiss Ratings assumed coverage on Fidelis Insurance in a report on Wednesday. They set a “buy (b)” rating on the stock. Finally, Zacks Research lowered Fidelis Insurance from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Fidelis Insurance presently has an average rating of “Hold” and an average price target of $25.00.

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Fidelis Insurance Price Performance

NYSE:PLGO traded down $0.04 during trading hours on Friday, hitting $23.42. 199,397 shares of the company’s stock traded hands, compared to its average volume of 425,943. Fidelis Insurance has a 52 week low of $14.80 and a 52 week high of $23.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 6.30 and a beta of 0.36.

Fidelis Insurance (NYSE:PLGO – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.19. The firm 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 14.25% and a net margin of 15.33%. On average, research analysts expect that Fidelis Insurance will post 3.19 EPS for the current fiscal year.

Fidelis Insurance Company Profile

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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.

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