Shares of Fidelis Insurance Holdings Limited (NYSE:PLGO – Get Free Report) have been given a consensus rating of “Moderate Buy” by the five analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $24.3333.
A number of research firms have weighed in on PLGO. Barclays increased 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. Weiss Ratings assumed coverage on Fidelis Insurance in a research report on Wednesday, May 13th. They set a “buy (b)” rating for the company. JPMorgan Chase & Co. increased their price target on Fidelis Insurance from $21.00 to $23.00 and gave the company an “underweight” rating in a research report on Tuesday, May 26th. Keefe, Bruyette & Woods increased their price target 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. Finally, Zacks Research upgraded Fidelis Insurance from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, May 28th.
Check Out Our Latest Stock Report on Fidelis Insurance
Fidelis Insurance Trading Up 1.7%
Fidelis Insurance (NYSE:PLGO – Get Free Report) last posted 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 business had revenue of $612.20 million for the quarter, compared to analyst estimates of $577.19 million. Fidelis Insurance had a net margin of 15.33% and a return on equity of 14.44%. Sell-side analysts expect that Fidelis Insurance will post 3.78 earnings per share for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than Fidelis Insurance
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
- Tesla’s New NHTSA Probe Lands at the Worst Possible Time
- Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus
Receive News & Ratings for Fidelis Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelis Insurance and related companies with MarketBeat.com's FREE daily email newsletter.
