67,063 Shares in Fidelis Insurance Holdings Limited $PLGO Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in Fidelis Insurance Holdings Limited (NYSE:PLGO) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 67,063 shares of the company’s stock, valued at approximately $1,633,000. Susquehanna Fundamental Investments LLC owned approximately 0.08% of Fidelis Insurance as of its most recent SEC filing.

Separately, Susquehanna International Group LLP bought a new position in Fidelis Insurance in the 2nd quarter worth $388,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citizens Jmp raised their target price on shares of Fidelis Insurance from $28.00 to $29.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. boosted their price target on shares of 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 downgraded shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. UBS Group raised their price objective on shares of Fidelis Insurance from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods cut their price objective on Fidelis Insurance from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, August 14th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.00.

Fidelis Insurance Trading Up 1.2%

PLGO opened at $24.71 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $2.13 billion, a P/E ratio of 6.06 and a beta of 0.28. The business has a fifty day moving average price of $24.75. Fidelis Insurance Holdings Limited has a 12-month low of $16.96 and a 12-month high of $26.34.

Fidelis Insurance (NYSE:PLGO) last released its earnings results on Tuesday, June 30th. The company reported $0.34 earnings per share for the quarter. The firm 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%. On average, analysts predict that Fidelis Insurance Holdings Limited will post 3.21 EPS for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 14th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.60 annualized dividend and a yield of 2.4%. Fidelis Insurance’s payout ratio is presently 14.71%.

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.