25,495 Shares in Fidelis Insurance Holdings Limited $PLGO Bought by Optimize Financial Inc.

Optimize Financial Inc. purchased a new stake in shares of Fidelis Insurance Holdings Limited (NYSE:PLGO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,495 shares of the company’s stock, valued at approximately $621,000.

Other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System bought a new stake in Fidelis Insurance in the 2nd quarter worth $359,000. Susquehanna International Group LLP bought a new position in shares of Fidelis Insurance during the second quarter valued at about $388,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Fidelis Insurance during the second quarter valued at about $1,633,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PLGO. UBS Group raised their target price on Fidelis Insurance from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Zacks Research lowered Fidelis Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. upped their price target on Fidelis Insurance from $23.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Barclays cut their price objective 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, Keefe, Bruyette & Woods reduced their target price 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. Four investment 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.00.

Fidelis Insurance Trading Up 0.1%

NYSE:PLGO opened at $25.35 on Monday. The stock has a 50-day moving average of $24.82. Fidelis Insurance Holdings Limited has a 12 month low of $16.96 and a 12 month high of $26.34. 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 stock has a market cap of $2.19 billion, a PE ratio of 6.21 and a beta of 0.27.

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 company had revenue of $650.00 million for the quarter. Equities analysts forecast that Fidelis Insurance Holdings Limited will post 3.21 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

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