Fidelis Insurance Holdings Limited (NYSE:PLGO – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $26.41 and last traded at $25.9960, with a volume of 8,946 shares changing hands. The stock had previously closed at $26.21.
Analyst Ratings Changes
A number of equities analysts recently issued reports on PLGO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelis Insurance in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, October 18th. UBS Group raised their target price on shares of Fidelis Insurance from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Barclays decreased their target price on shares of Fidelis Insurance from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Fidelis Insurance from $23.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Fidelis Insurance currently has an average rating of “Hold” and an average target price of $27.00.
Read Our Latest Stock Analysis on PLGO
Fidelis Insurance Stock Down 1.5%
The company’s 50 day moving average price is $24.44. The stock has a market capitalization of $2.23 billion, a PE ratio of 6.32 and a beta of 0.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.65 and a quick ratio of 0.65.
Fidelis Insurance (NYSE:PLGO – Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.34 earnings per share for the quarter. Fidelis Insurance had a return on equity of 15.26% and a net margin of 15.94%. The company had revenue of $650.00 million for the quarter. Sell-side analysts forecast that Fidelis Insurance Holdings Limited will post 3.18 earnings per share for the current fiscal year.
Fidelis Insurance Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 14th were given a dividend of $0.15 per share. The ex-dividend date was Monday, September 14th. This represents a $0.60 annualized dividend and a yield of 2.3%. Fidelis Insurance’s dividend payout ratio (DPR) is currently 14.71%.
Hedge Funds Weigh In On Fidelis Insurance
Large investors have recently modified their holdings of the business. State Street Corp bought a new position in shares of Fidelis Insurance during the second quarter valued at $20,081,000. Citadel Advisors LLC bought a new stake in shares of Fidelis Insurance in the second quarter worth $3,713,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Fidelis Insurance in the second quarter worth $1,633,000. Engineers Gate Manager LP acquired a new stake in Fidelis Insurance in the second quarter valued at $1,468,000. Finally, Optimize Financial Inc. acquired a new stake in Fidelis Insurance in the second quarter valued at $621,000. Institutional investors own 81.99% of the company’s stock.
Fidelis Insurance Company Profile
Fidelis Insurance Holdings Limited is a specialty insurance company that provides customized insurance and reinsurance solutions for complex and large-scale risks. The company operates through a portfolio of underwriting businesses designed to serve clients and brokers whose coverage needs may not be fully addressed by the standard insurance market.
Its offerings include specialty property and casualty insurance, commercial insurance, marine and aviation coverage, energy-related insurance, cyber insurance, political risk protection and other tailored products.
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