Fidelis Insurance Holdings Limited (NYSE:PLGO - Free Report) - DOWLING & PARTN lowered their FY2026 earnings estimates for shares of Fidelis Insurance in a research note issued on Monday, August 24th. DOWLING & PARTN analyst N. Iacoviello now anticipates that the company will post earnings of $3.20 per share for the year, down from their prior forecast of $3.90. The consensus estimate for Fidelis Insurance's current full-year earnings is $3.56 per share. DOWLING & PARTN also issued estimates for Fidelis Insurance's FY2028 earnings at $4.80 EPS.
Fidelis Insurance (NYSE:PLGO - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.34 earnings per share (EPS) for the quarter. Fidelis Insurance had a return on equity of 15.26% and a net margin of 15.94%.The company had revenue of $650.00 million for the quarter.
Several other research firms have also recently weighed in on PLGO. Wall Street Zen cut shares of Fidelis Insurance from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. UBS Group lifted their target price on shares of Fidelis Insurance from $28.00 to $29.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods decreased their price target on shares of Fidelis Insurance from $29.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, August 14th. Weiss Ratings restated a "buy (b)" rating on shares of Fidelis Insurance in a research report on Friday, August 7th. Finally, Zacks Research downgraded shares of Fidelis Insurance from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $27.00.
Check Out Our Latest Analysis on PLGO
Fidelis Insurance Stock Up 1.0%
Shares of NYSE PLGO opened at $24.40 on Thursday. The business has a 50-day simple moving average of $24.63. Fidelis Insurance has a twelve month low of $16.76 and a twelve month high of $26.34. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 5.98 and a beta of 0.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.65 and a quick ratio of 0.65.
Fidelis Insurance Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, September 14th. Fidelis Insurance's dividend payout ratio (DPR) is presently 14.71%.
Institutional Investors Weigh In On Fidelis Insurance
A number of hedge funds have recently made changes to their positions in PLGO. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Fidelis Insurance in the 2nd quarter valued at $1,633,000. Susquehanna International Group LLP purchased a new position in Fidelis Insurance in the 2nd quarter worth $388,000. Finally, California State Teachers Retirement System bought a new stake in Fidelis Insurance in the second quarter worth $359,000. 81.99% of the stock is currently owned by institutional investors.
About Fidelis Insurance
(
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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.
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