Keefe, Bruyette & Woods Increases Fidelis Insurance (NYSE:PLGO) Price Target to $29.00

Fidelis Insurance (NYSE:PLGO) had its price target boosted by stock analysts at Keefe, Bruyette & Woods from $28.00 to $29.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 18.14% from the company’s previous close.

PLGO has been the topic of a number of other research reports. Zacks Research upgraded shares of Fidelis Insurance from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Weiss Ratings initiated coverage on shares of Fidelis Insurance in a report on Wednesday, May 13th. They issued a “buy (b)” rating on the stock. JPMorgan Chase & Co. lifted their price objective on Fidelis Insurance from $21.00 to $23.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 26th. Wall Street Zen raised Fidelis Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Barclays lifted their target price on Fidelis Insurance from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.33.

Fidelis Insurance Stock Up 0.3%

NYSE:PLGO traded up $0.07 during trading hours on Wednesday, hitting $24.55. 45,099 shares of the company were exchanged, compared to its average volume of 437,220. The firm has a market cap of $2.12 billion, a P/E ratio of 6.53 and a beta of 0.29. Fidelis Insurance has a one year low of $14.80 and a one year high of $25.60. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

Fidelis Insurance (NYSE:PLGO) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.19. Fidelis Insurance had a return on equity of 14.44% and a net margin of 15.33%.The company had revenue of $612.20 million during the quarter, compared to analysts’ expectations of $577.19 million. Analysts predict that Fidelis Insurance will post 3.78 earnings per share for the current year.

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.