Endurance Specialty Holdings Ltd. (ENH) Downgraded to Neutral at Langen Mcalenn
A number of other brokerages have also weighed in on ENH. Zacks Investment Research upgraded Endurance Specialty Holdings from a sell rating to a hold rating in a research report on Tuesday, October 4th. Keefe, Bruyette & Woods lowered Endurance Specialty Holdings from an outperform rating to a market perform rating and lifted their price objective for the stock from $80.00 to $93.00 in a research report on Friday, October 7th. Finally, Janney Montgomery Scott lowered Endurance Specialty Holdings from a buy rating to a neutral rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, Endurance Specialty Holdings presently has a consensus rating of Hold and a consensus price target of $82.00.
Shares of Endurance Specialty Holdings (NYSE:ENH) traded up 0.04% during midday trading on Tuesday, reaching $91.79. The company had a trading volume of 1,016,105 shares. The company has a market capitalization of $6.20 billion, a P/E ratio of 18.87 and a beta of 0.78. Endurance Specialty Holdings has a one year low of $57.97 and a one year high of $92.18. The company has a 50-day moving average price of $70.02 and a 200 day moving average price of $66.99.
Endurance Specialty Holdings (NYSE:ENH) last posted its quarterly earnings results on Monday, August 1st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $728.83 million. During the same period last year, the company earned $1.76 EPS. Endurance Specialty Holdings’s revenue for the quarter was up 30.9% compared to the same quarter last year. Equities analysts anticipate that Endurance Specialty Holdings will post $5.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, September 14th. Endurance Specialty Holdings’s payout ratio is presently 31.60%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its position in Endurance Specialty Holdings by 3.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 21,342 shares of the company’s stock worth $1,397,000 after buying an additional 760 shares during the last quarter. Nadler Financial Group Inc. purchased a new position in Endurance Specialty Holdings during the third quarter worth approximately $250,000. Mason Street Advisors LLC purchased a new position in Endurance Specialty Holdings during the second quarter worth approximately $1,898,000. Royal Bank of Canada boosted its position in Endurance Specialty Holdings by 15.1% in the second quarter. Royal Bank of Canada now owns 256,660 shares of the company’s stock worth $17,237,000 after buying an additional 33,749 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Endurance Specialty Holdings by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 274,850 shares of the company’s stock worth $18,459,000 after buying an additional 7,362 shares during the last quarter. Institutional investors 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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