Shares of Fidelis Insurance Holdings Limited (NYSE:PLGO – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $24.15 and last traded at $24.08, with a volume of 127970 shares. The stock had previously closed at $23.55.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on PLGO shares. Barclays lifted their target price on shares of Fidelis Insurance from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, May 15th. Weiss Ratings started coverage on Fidelis Insurance in a research note on Wednesday, May 13th. They set a “buy (b)” rating on the stock. Zacks Research upgraded Fidelis Insurance from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, May 28th. Wall Street Zen upgraded Fidelis Insurance from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, JPMorgan Chase & Co. increased their target price on Fidelis Insurance from $21.00 to $23.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.
Check Out Our Latest Research Report on Fidelis Insurance
Fidelis Insurance Price Performance
Fidelis Insurance (NYSE:PLGO – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.44% and a net margin of 15.33%. As a group, equities research analysts forecast that Fidelis Insurance Holdings Limited 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.
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