Fidelis Insurance Holdings Limited (NYSE:PLGO) to Issue 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 dividend on an annualized basis and a dividend yield of 3.3%. 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 Trading Up 2.8%

NYSE:PLGO opened at $26.86 on Wednesday. Fidelis Insurance has a 12 month low of $17.87 and a 12 month high of $26.60. 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 business has a 50 day moving average of $24.78. The company has a market cap of $2.32 billion, a PE ratio of 6.58 and a beta of 0.24.

Fidelis Insurance (NYSE:PLGO) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.34 earnings per share for the quarter. The business 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%. Research analysts predict that Fidelis Insurance will post 3.18 earnings per share for the current year.

Hedge Funds Weigh In On Fidelis Insurance

Several institutional investors have recently modified their holdings of PLGO. State Street Corp bought a new stake in Fidelis Insurance in the 2nd quarter worth approximately $20,081,000. Citadel Advisors LLC purchased a new position in shares of Fidelis Insurance during the second quarter worth approximately $3,713,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Fidelis Insurance in the 2nd quarter worth approximately $1,633,000. Engineers Gate Manager LP bought a new stake in shares of Fidelis Insurance in the 2nd quarter worth approximately $1,468,000. Finally, Optimize Financial Inc. purchased a new stake in shares of Fidelis Insurance in the 2nd quarter valued at $621,000. 81.99% of the stock is currently owned by institutional investors.

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.