Citadel Advisors LLC Takes $3.71 Million Position in Fidelis Insurance Holdings Limited $PLGO

Citadel Advisors LLC acquired a new position in Fidelis Insurance Holdings Limited (NYSE:PLGO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 152,491 shares of the company’s stock, valued at approximately $3,713,000.

Several other large investors have also modified their holdings of the company. California State Teachers Retirement System bought a new position in Fidelis Insurance in the 2nd quarter worth $359,000. Susquehanna International Group LLP bought a new stake in Fidelis Insurance during the second quarter valued at about $388,000. Optimize Financial Inc. acquired a new stake in shares of Fidelis Insurance in the second quarter valued at about $621,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Fidelis Insurance in the second quarter valued at about $1,633,000. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Trading Up 0.1%

Shares of NYSE PLGO opened at $25.35 on Tuesday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 6.21 and a beta of 0.27. Fidelis Insurance Holdings Limited has a one year low of $16.96 and a one year high of $26.34. The company has a fifty day moving average price of $24.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.32.

Fidelis Insurance (NYSE:PLGO) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.34 earnings per share (EPS) for the quarter. Fidelis Insurance had a net margin of 15.94% and a return on equity of 15.26%. The firm had revenue of $650.00 million for the quarter. On average, research analysts anticipate that Fidelis Insurance Holdings Limited will post 3.21 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PLGO shares. Barclays cut their price objective on Fidelis Insurance from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, August 13th. JPMorgan Chase & Co. upped their price target on Fidelis Insurance from $23.00 to $26.00 and gave the stock an “underweight” rating in a 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelis Insurance in a research report on Friday, August 7th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Fidelis Insurance from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, August 14th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.00.

Fidelis Insurance 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.