DOWLING & PARTN Has Pessimistic View of PLGO FY2026 Earnings

Fidelis Insurance Holdings Limited (NYSE:PLGO) – DOWLING & PARTN lowered their FY2026 EPS estimates for Fidelis Insurance in a report issued on Monday, August 24th. DOWLING & PARTN analyst N. Iacoviello now expects that the company will post earnings of $3.20 per share for the year, down from their previous forecast of $3.90. The consensus estimate for Fidelis Insurance’s current full-year earnings is $3.56 per share. DOWLING & PARTN also issued estimates for Fidelis Insurance’s FY2028 earnings at $4.80 EPS.

Fidelis Insurance (NYSE:PLGO) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $650.00 million for the quarter. Fidelis Insurance had a net margin of 15.94% and a return on equity of 15.26%.

Other equities research analysts have also recently issued research reports about the company. Barclays dropped their price objective on Fidelis Insurance from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Fidelis Insurance in a report on Friday, August 7th. Keefe, Bruyette & Woods dropped their price target on Fidelis Insurance from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. JPMorgan Chase & Co. lifted their price target on shares of Fidelis Insurance from $23.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, July 20th. Finally, Zacks Research downgraded shares of Fidelis Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Fidelis Insurance currently has a consensus rating of “Hold” and an average target price of $27.00.

Fidelis Insurance Price Performance

NYSE PLGO opened at $24.40 on Thursday. Fidelis Insurance has a 1 year low of $16.76 and a 1 year high of $26.34. The company has a market capitalization of $2.11 billion, a PE ratio of 5.98 and a beta of 0.28. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $24.63.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 14th. Fidelis Insurance’s payout ratio is presently 14.71%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new position in shares of Fidelis Insurance in the 2nd quarter valued at approximately $359,000. Susquehanna International Group LLP bought a new stake in shares of Fidelis Insurance during the second quarter valued at approximately $388,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Fidelis Insurance in the second quarter worth $1,633,000. Institutional investors own 81.99% of the company’s stock.

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.