Endurance Specialty Holdings Ltd. (NYSE:ENH) – Equities research analysts at Langen Mcalenn lifted their Q3 2016 earnings per share estimates for Endurance Specialty Holdings in a research note issued on Tuesday. Langen Mcalenn analyst R. Byrnes now forecasts that the firm will post earnings of $1.61 per share for the quarter, up from their prior forecast of $1.34. Langen Mcalenn currently has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Endurance Specialty Holdings’ Q4 2016 earnings at $0.37 EPS and FY2016 earnings at $4.05 EPS.

A number of other research analysts also recently issued reports on the company. Janney Montgomery Scott downgraded Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday. Keefe, Bruyette & Woods downgraded Endurance Specialty Holdings from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $80.00 to $93.00 in a research note on Friday, October 7th. Finally, Zacks Investment Research upgraded Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $82.00.

Earnings History and Estimates for Endurance Specialty Holdings (NYSE:ENH)

Shares of Endurance Specialty Holdings (NYSE:ENH) traded down 0.010% on Thursday, reaching $91.801. The company’s stock had a trading volume of 546,536 shares. Endurance Specialty Holdings has a 1-year low of $57.97 and a 1-year high of $92.18. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 18.874 and a beta of 0.78. The stock has a 50-day moving average price of $70.78 and a 200-day moving average price of $67.17.

Endurance Specialty Holdings (NYSE:ENH) last announced its quarterly earnings results on Monday, August 1st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ 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 earned $599.61 million during the quarter, compared to the consensus estimate of $728.83 million. During the same period in the previous year, the company posted $1.76 earnings per share. Endurance Specialty Holdings’s revenue for the quarter was up 30.9% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in ENH. CenturyLink Investment Management Co increased its position in shares of Endurance Specialty Holdings by 98.4% in the third quarter. CenturyLink Investment Management Co now owns 10,663 shares of the company’s stock valued at $698,000 after buying an additional 5,288 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of 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 valued at $1,397,000 after buying an additional 760 shares during the period. Nadler Financial Group Inc. bought a new position in shares of Endurance Specialty Holdings during the third quarter valued at $250,000. Mason Street Advisors LLC bought a new position in shares of Endurance Specialty Holdings during the second quarter valued at $1,898,000. Finally, Royal Bank of Canada increased its position in shares of Endurance Specialty Holdings by 15.1% in the second quarter. Royal Bank of Canada now owns 256,660 shares of the company’s stock valued at $17,237,000 after buying an additional 33,749 shares during the period. Institutional investors own 87.82% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid a $0.38 dividend. 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 currently 31.60%.

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.

5 Day Chart for NYSE:ENH

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