Fidelis Insurance (NYSE:PLGO – Get Free Report) released its earnings results on Wednesday. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.21, Zacks reports. Fidelis Insurance had a return on equity of 15.26% and a net margin of 15.94%.
Fidelis Insurance Price Performance
Shares of NYSE PLGO traded down $0.34 during midday trading on Wednesday, reaching $27.99. The company’s stock had a trading volume of 468,574 shares, compared to its average volume of 433,024. The firm has a market cap of $2.42 billion, a PE ratio of 6.86 and a beta of 0.24. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50 day moving average price of $25.13. Fidelis Insurance has a 12-month low of $17.87 and a 12-month high of $28.85.
Fidelis Insurance Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Friday, December 11th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.88 annualized dividend and a dividend yield of 3.1%. This is an increase from Fidelis Insurance’s previous quarterly dividend of $0.15. Fidelis Insurance’s payout ratio is 21.57%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on PLGO shares. Zacks Research cut Fidelis Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Wall Street Zen lowered Fidelis Insurance from a “buy” rating to a “hold” rating in a research report on Sunday, October 18th. Barclays dropped their price target on shares of Fidelis Insurance from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelis Insurance in a report on Wednesday, November 4th. Finally, Keefe, Bruyette & Woods decreased their price target on Fidelis Insurance from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Fidelis Insurance presently has a consensus rating of “Hold” and a consensus price target of $27.00.
Read Our Latest Stock Report on PLGO
Fidelis Insurance Company Profile
Fidelis Insurance Holdings Limited is a specialty insurer and reinsurer focused on providing coverage for complex and less commonly insured risks. Its products span areas such as property, marine, aviation, energy, and other specialty lines, serving businesses and clients in markets around the world. Founded in 2015, the company is headquartered in Bermuda and operates internationally. Fidelis Insurance Holdings is listed on the New York Stock Exchange under the symbol FIHL; PLGO does not appear to be its ticker symbol.
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