Fidelis Insurance (NYSE:PLGO) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Fidelis Insurance (NYSE:PLGO) from a hold rating to a strong sell rating in a research report report published on Tuesday morning,Zacks.com reports.

Fidelis Insurance Trading Down 100.0%

Fidelis Insurance (NYSE:PLGO) last announced its earnings results on Wednesday, May 13th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.19.

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.