Endurance Specialty Holdings Ltd. (NYSE:ENH) was downgraded by stock analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued on Friday.

Separately, Zacks Investment Research raised shares of Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a report on Tuesday.

Shares of Endurance Specialty Holdings (NYSE:ENH) traded up 0.17% on Friday, hitting $91.71. 4,154,065 shares of the company were exchanged. The firm’s 50-day moving average is $67.76 and its 200-day moving average is $66.40. The stock has a market capitalization of $6.20 billion, a PE ratio of 18.85 and a beta of 0.78. Endurance Specialty Holdings has a 52-week low of $57.97 and a 52-week high of $91.87.

Endurance Specialty Holdings (NYSE:ENH) last issued its earnings results on Monday, August 1st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.03. Endurance Specialty Holdings had a net margin of 14.86% and a return on equity of 6.29%. The firm earned $599.61 million during the quarter, compared to analysts’ expectations of $728.83 million. During the same quarter last year, the company posted $1.76 earnings per share. The firm’s revenue was up 30.9% compared to the same quarter last year. Equities research analysts predict that Endurance Specialty Holdings will post $5.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.38 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.66%. Endurance Specialty Holdings’s payout ratio is 31.60%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted 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 worth $302,188,000 after buying an additional 210,401 shares during the last quarter. LSV Asset Management boosted its stake 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 worth $201,687,000 after buying an additional 33,329 shares in the last quarter. Champlain Investment Partners LLC boosted its stake 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 worth $163,770,000 after buying an additional 56,150 shares in the last quarter. BlackRock Fund Advisors boosted its stake 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 worth $143,474,000 after buying an additional 125,129 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake 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 worth $125,033,000 after buying an additional 85,878 shares in the last quarter. 87.82% of the stock is owned by institutional investors.

Endurance Specialty Holdings Company Profile

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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