Endurance Specialty Holdings Ltd. (ENH) Downgraded by Janney Montgomery Scott
Endurance Specialty Holdings Ltd. (NYSE:ENH) was downgraded by equities research analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday.
Several other brokerages have also issued reports on ENH. Keefe, Bruyette & Woods set a $80.00 target price on Endurance Specialty Holdings and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th.
Shares of Endurance Specialty Holdings (NYSE:ENH) traded down 0.22% on Tuesday, hitting $91.75. The stock had a trading volume of 2,407,555 shares. The company has a 50-day moving average of $69.27 and a 200-day moving average of $66.81. Endurance Specialty Holdings has a 52-week low of $57.97 and a 52-week high of $92.18. The company has a market cap of $6.20 billion, a P/E ratio of 18.86 and a beta of 0.78.
Endurance Specialty Holdings (NYSE:ENH) last released its quarterly earnings results on Monday, August 1st. The company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.03. The company earned $599.61 million during the quarter, compared to analyst estimates of $728.83 million. Endurance Specialty Holdings had a return on equity of 6.29% and a net margin of 14.86%. The firm’s revenue was up 30.9% on a year-over-year basis. During the same quarter last year, the business posted $1.76 earnings per share. On average, equities analysts anticipate that Endurance Specialty Holdings will post $5.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.66%. Endurance Specialty Holdings’s dividend payout ratio (DPR) is presently 31.60%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hancock Holding Co. purchased a new stake in shares of Endurance Specialty Holdings during the first quarter worth about $13,056,000. Geode Capital Management LLC raised its stake in shares of Endurance Specialty Holdings by 1.3% in the first quarter. Geode Capital Management LLC now owns 429,264 shares of the company’s stock worth $28,047,000 after buying an additional 5,335 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Endurance Specialty Holdings by 82.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,458,181 shares of the company’s stock worth $95,278,000 after buying an additional 660,642 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Endurance Specialty Holdings by 633.0% in the first quarter. Meeder Asset Management Inc. now owns 11,962 shares of the company’s stock worth $781,000 after buying an additional 10,330 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its stake in shares of Endurance Specialty Holdings by 49.0% in the first quarter. Rafferty Asset Management LLC now owns 8,210 shares of the company’s stock worth $536,000 after buying an additional 2,699 shares during the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.
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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