Keefe, Bruyette & Woods Has Lowered Expectations for Fidelis Insurance (NYSE:PLGO) Stock Price

Fidelis Insurance (NYSE:PLGO) had its target price dropped by stock analysts at Keefe, Bruyette & Woods from $29.00 to $28.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 23.07% from the stock’s previous close.

PLGO has been the subject of a number of other research reports. Zacks Research lowered shares of Fidelis Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. lifted their price objective on Fidelis Insurance from $23.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Wall Street Zen upgraded Fidelis Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. UBS Group raised their price target on Fidelis Insurance from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Citizens Jmp lifted their price target on Fidelis Insurance from $28.00 to $29.00 and gave the company a “market outperform” rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Fidelis Insurance currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Fidelis Insurance Trading Down 6.5%

NYSE:PLGO opened at $22.75 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $1.96 billion, a P/E ratio of 5.58 and a beta of 0.28. The company’s 50-day simple moving average is $24.48. Fidelis Insurance has a twelve month low of $15.94 and a twelve month high of $26.34.

Fidelis Insurance (NYSE:PLGO) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.34 earnings per share for the quarter. The business had revenue of $650.00 million during the quarter. Fidelis Insurance had a net margin of 15.94% and a return on equity of 15.03%. On average, equities research analysts predict that Fidelis Insurance will post 3.8 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.