Fidelis Insurance (NYSE:PLGO) Stock Price Target Raised at Keefe, Bruyette & Woods

Fidelis Insurance (NYSE:PLGO) had its target price upped by analysts at Keefe, Bruyette & Woods from $28.00 to $32.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods‘s price objective points to a potential upside of 9.18% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Zacks Research lowered shares of Fidelis Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. Wall Street Zen lowered shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. 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 report on Thursday, August 13th. Citizens Jmp raised their price objective on Fidelis Insurance from $28.00 to $29.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelis Insurance in a report on Wednesday, November 4th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.80.

Fidelis Insurance Trading Up 1.7%

Shares of PLGO stock traded up $0.48 on Friday, reaching $29.31. The company had a trading volume of 152,497 shares, compared to its average volume of 434,499. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2.53 billion, a PE ratio of 8.18 and a beta of 0.24. The stock’s 50-day simple moving average is $25.27. Fidelis Insurance has a 12 month low of $17.87 and a 12 month high of $29.70.

Fidelis Insurance (NYSE:PLGO) last released its quarterly earnings data on Wednesday, November 11th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.21. The business had revenue of $800.90 million for the quarter. Fidelis Insurance had a net margin of 12.47% and a return on equity of 13.56%. Sell-side analysts anticipate that Fidelis Insurance will post 3.18 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of Fidelis Insurance during the second quarter worth $3,713,000. Engineers Gate Manager LP acquired a new position in Fidelis Insurance in the 2nd quarter worth $1,468,000. Susquehanna Fundamental Investments LLC acquired a new position in Fidelis Insurance in the 2nd quarter worth $1,633,000. State Street Corp bought a new position in Fidelis Insurance during the 2nd quarter worth about $20,081,000. Finally, Optimize Financial Inc. bought a new position in Fidelis Insurance during the 2nd quarter worth about $621,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited is a specialty insurer and reinsurer focused on providing coverage for complex and less commonly insured risks. Its products span areas such as property, marine, aviation, energy, and other specialty lines, serving businesses and clients in markets around the world. Founded in 2015, the company is headquartered in Bermuda and operates internationally. Fidelis Insurance Holdings is listed on the New York Stock Exchange under the symbol FIHL; PLGO does not appear to be its ticker symbol.