Endurance Specialty Holdings Ltd. Expected to Post Q3 2017 Earnings of $1.32 Per Share (ENH)
Endurance Specialty Holdings Ltd. (NYSE:ENH) – Research analysts at Langen Mcalenn cut their Q3 2017 EPS estimates for Endurance Specialty Holdings in a research note issued on Tuesday. Langen Mcalenn analyst R. Byrnes now anticipates that the firm will post earnings of $1.32 per share for the quarter, down from their previous forecast of $1.33. Langen Mcalenn has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Endurance Specialty Holdings’ Q4 2017 earnings at $1.95 EPS.
Endurance Specialty Holdings (NYSE:ENH) last posted its quarterly earnings data 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 company had revenue of $599.61 million for the quarter, compared to the consensus estimate of $728.83 million. During the same period in the previous year, the business earned $1.76 EPS. Endurance Specialty Holdings’s revenue for the quarter was up 30.9% compared to the same quarter last year.
A number of other research analysts also recently commented 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 note on Wednesday, August 3rd. Zacks Investment Research downgraded Endurance Specialty Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 8th. Finally, Janney Montgomery Scott downgraded Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $82.00.
Endurance Specialty Holdings (NYSE:ENH) traded down 0.03% during midday trading on Wednesday, reaching $91.78. The company’s stock had a trading volume of 1,826,638 shares. Endurance Specialty Holdings has a 52 week low of $57.97 and a 52 week high of $92.18. The firm has a market capitalization of $6.20 billion, a PE ratio of 18.87 and a beta of 0.78. The stock has a 50 day moving average of $70.78 and a 200 day moving average of $67.17.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid 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%.
A number of hedge funds have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC increased its stake in shares of Endurance Specialty Holdings by 6.0% in the first quarter. TIAA CREF Investment Management LLC now owns 123,786 shares of the company’s stock valued at $8,088,000 after buying an additional 7,025 shares during the last quarter. Teachers Advisors Inc. boosted its position in Endurance Specialty Holdings by 6.1% in the first quarter. Teachers Advisors Inc. now owns 54,317 shares of the company’s stock valued at $3,549,000 after buying an additional 3,113 shares during the period. BlackRock Inc. boosted its position in Endurance Specialty Holdings by 22.1% in the first quarter. BlackRock Inc. now owns 27,669 shares of the company’s stock valued at $1,808,000 after buying an additional 5,000 shares during the period. BlackRock Group LTD boosted its position in Endurance Specialty Holdings by 23.8% in the first quarter. BlackRock Group LTD now owns 43,213 shares of the company’s stock valued at $2,824,000 after buying an additional 8,304 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Endurance Specialty Holdings by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,775,847 shares of the company’s stock valued at $116,034,000 after buying an additional 6,263 shares during the period. Hedge funds and other 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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