Endurance Specialty Holdings Ltd. (ENH) Upgraded to “Hold” by Zacks Investment Research
According to Zacks, “Endurance Specialty Holdings Ltd., through its wholly owned operating subsidiaries, is a global provider of property and casualty insurance and reinsurance. Through these subsidiaries, Endurance currently writes property per risk treaty reinsurance, property catastrophe reinsurance, casualty treaty reinsurance, property individual risks, casualty individual risks and other specialty lines. Endurance’s operating subsidiaries have been assigned a group rating of A- (Excellent) from A.M. Best, and headquarters are in Bermuda. “
Separately, Keefe, Bruyette & Woods upgraded Endurance Specialty Holdings from a market perform rating to an outperform rating and set a $79.00 price objective on the stock in a research report on Monday, July 11th.
Endurance Specialty Holdings (NYSE:ENH) opened at 87.87 on Tuesday. Endurance Specialty Holdings has a 52 week low of $57.97 and a 52 week high of $88.98. The stock has a market cap of $5.94 billion, a PE ratio of 18.07 and a beta of 0.78. The stock has a 50 day moving average price of $66.23 and a 200 day moving average price of $66.03.
Endurance Specialty Holdings (NYSE:ENH) last issued its quarterly earnings data on Monday, August 1st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.03. Endurance Specialty Holdings had a return on equity of 6.29% and a net margin of 14.86%. The business had revenue of $599.61 million for the quarter, compared to the consensus estimate of $728.83 million. During the same period in the prior year, the business earned $1.76 earnings per share. The business’s revenue was up 30.9% on a year-over-year basis. On average, equities analysts predict that Endurance Specialty Holdings will post $5.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, September 14th. This represents a $1.52 annualized dividend and a yield of 1.73%. Endurance Specialty Holdings’s dividend payout ratio (DPR) is presently 31.60%.
A number of institutional investors have recently added to or reduced their stakes in ENH. Vanguard Group Inc. increased its position in Endurance Specialty Holdings by 4.9% in the second quarter. Vanguard Group Inc. now owns 4,499,522 shares of the company’s stock valued at $302,188,000 after buying an additional 210,401 shares during the period. LSV Asset Management increased its position in Endurance Specialty Holdings by 1.1% in the second quarter. LSV Asset Management now owns 3,003,086 shares of the company’s stock valued at $201,687,000 after buying an additional 33,329 shares during the period. Champlain Investment Partners LLC increased its position in Endurance Specialty Holdings by 2.4% in the second quarter. Champlain Investment Partners LLC now owns 2,438,505 shares of the company’s stock valued at $163,770,000 after buying an additional 56,150 shares during the period. BlackRock Fund Advisors increased its position in Endurance Specialty Holdings by 6.2% in the second quarter. BlackRock Fund Advisors now owns 2,136,305 shares of the company’s stock valued at $143,474,000 after buying an additional 125,129 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in Endurance Specialty Holdings by 4.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,861,725 shares of the company’s stock valued at $125,033,000 after buying an additional 85,878 shares during the period. Hedge funds and other institutional investors own 87.82% of the company’s stock.
About Endurance Specialty Holdings
Endurance Specialty Holdings Ltd. is a holding company. The Company, through its operating subsidiaries in Bermuda, the United States and the United Kingdom, focuses on underwriting specialty lines of personal and commercial property, and casualty insurance and reinsurance. It operates through two segments: Insurance and Reinsurance.
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