Fidelis Insurance (NYSE:PLGO – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.
Other analysts have also issued research reports about the stock. Barclays lowered their price objective 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. Citizens Jmp increased their target price on shares of Fidelis Insurance from $28.00 to $29.00 and gave the stock a “market outperform” rating in a research note on Thursday. UBS Group raised their price target on shares of Fidelis Insurance from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelis Insurance in a research note on Friday, August 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Fidelis Insurance from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.00.
View Our Latest Research Report on PLGO
Fidelis Insurance Price Performance
Fidelis Insurance (NYSE:PLGO – Get Free Report) last issued its quarterly earnings results 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 return on equity of 15.26% and a net margin of 15.94%. Equities analysts expect that Fidelis Insurance will post 3.8 earnings per share for the current year.
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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