Shares of Fidelis Insurance Holdings Limited (NYSE:PLGO – Get Free Report) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $27.20.
A number of equities analysts recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Fidelis Insurance in a research note on Friday, August 7th. UBS Group increased their target price on Fidelis Insurance from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Barclays cut their price target on Fidelis Insurance from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday. Citizens Jmp boosted their price target on Fidelis Insurance from $28.00 to $29.00 and gave the stock a “market outperform” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods upped their price objective on Fidelis Insurance from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th.
Check Out Our Latest Report on Fidelis Insurance
Fidelis Insurance Stock Performance
Fidelis Insurance (NYSE:PLGO – Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.34 earnings per share (EPS) for the quarter. The firm had revenue of $650.00 million for the quarter. Fidelis Insurance had a net margin of 15.94% and a return on equity of 15.03%. On average, research analysts predict that Fidelis Insurance will post 3.8 EPS for the current fiscal year.
Fidelis Insurance Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 14th will be issued a $0.15 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.6%. Fidelis Insurance’s payout ratio is currently 16.04%.
About Fidelis Insurance
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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