Fidelis Insurance (NYSE:PLGO) Issues Quarterly Earnings Results

Fidelis Insurance (NYSE:PLGO) announced its quarterly earnings data on Wednesday. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.19, Zacks reports. The company had revenue of $612.20 million for the quarter, compared to analysts’ expectations of $577.19 million.

Fidelis Insurance Price Performance

PLGO traded up $3.09 during midday trading on Thursday, reaching $23.33. 1,047,175 shares of the company were exchanged, compared to its average volume of 428,847. Fidelis Insurance has a one year low of $14.80 and a one year high of $23.61.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Fidelis Insurance from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Fidelis Insurance currently has an average rating of “Sell”.

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.