Fidelis Insurance Holdings Limited (NYSE:PLGO) Declares Quarterly Dividend of $0.22

Fidelis Insurance Holdings Limited (NYSE:PLGO) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, December 11th will be given a dividend of $0.22 per share on Wednesday, December 23rd. This represents a $0.88 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, December 11th. This is a 46.7% increase from Fidelis Insurance’s previous quarterly dividend of $0.15.

Fidelis Insurance Price Performance

Shares of PLGO stock opened at $26.08 on Wednesday. Fidelis Insurance has a 12 month low of $17.74 and a 12 month high of $26.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 6.39 and a beta of 0.24. The business has a fifty day moving average price of $24.78.

Fidelis Insurance (NYSE:PLGO) last announced its earnings results on Tuesday, June 30th. The company reported $0.34 earnings per share for the quarter. The company had revenue of $650.00 million during the quarter. Fidelis Insurance had a return on equity of 15.26% and a net margin of 15.94%. On average, sell-side analysts anticipate that Fidelis Insurance will post 3.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on PLGO. Keefe, Bruyette & Woods cut their price target on Fidelis Insurance from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. Citizens Jmp raised their price objective on Fidelis Insurance from $28.00 to $29.00 and gave the company a “market outperform” rating in a research note on Thursday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Fidelis Insurance in a report on Friday, August 7th. Barclays cut their target price on Fidelis Insurance from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 13th. Finally, Zacks Research cut Fidelis Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.00.

About Fidelis Insurance

Fidelis Insurance Holdings Limited is a specialty insurance company that provides customized insurance and reinsurance solutions for complex and large-scale risks. The company operates through a portfolio of underwriting businesses designed to serve clients and brokers whose coverage needs may not be fully addressed by the standard insurance market.

Its offerings include specialty property and casualty insurance, commercial insurance, marine and aviation coverage, energy-related insurance, cyber insurance, political risk protection and other tailored products.