Citizens Jmp Issues Positive Forecast for Fidelis Insurance (NYSE:PLGO) Stock Price

Fidelis Insurance (NYSE:PLGO) had its price objective increased by Citizens Jmp from $27.00 to $28.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. UBS Group lifted their price objective on shares of Fidelis Insurance from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Fidelis Insurance from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays boosted their price target on Fidelis Insurance from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday. Zacks Research upgraded Fidelis Insurance from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, May 28th. Finally, Wall Street Zen raised Fidelis Insurance from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.60.

Fidelis Insurance Stock Up 0.0%

NYSE:PLGO traded up $0.01 during mid-day trading on Friday, hitting $25.00. 258,750 shares of the stock traded hands, compared to its average volume of 411,705. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $23.34. Fidelis Insurance has a 52 week low of $14.80 and a 52 week high of $25.60. The stock has a market cap of $2.16 billion, a PE ratio of 6.68 and a beta of 0.29.

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