Endurance Specialty Holdings Ltd. (NYSE:ENH) – Equities research analysts at Langen Mcalenn upped their FY2016 earnings estimates for Endurance Specialty Holdings in a report released on Monday. Langen Mcalenn analyst R. Byrnes now expects that the brokerage will post earnings per share of $4.45 for the year, up from their previous estimate of $4.05. Langen Mcalenn has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Endurance Specialty Holdings’ Q4 2016 earnings at $0.86 EPS, Q3 2017 earnings at $1.33 EPS and Q4 2017 earnings at $1.94 EPS.

Several other brokerages also recently commented on ENH. Zacks Investment Research downgraded Endurance Specialty Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 13th. Keefe, Bruyette & Woods set a $80.00 price objective on Endurance Specialty Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Macquarie downgraded Endurance Specialty Holdings from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 19th. Finally, Janney Montgomery Scott downgraded Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 11th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $82.00.

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

Shares of Endurance Specialty Holdings (NYSE:ENH) opened at 92.23 on Wednesday. Endurance Specialty Holdings has a 12-month low of $57.97 and a 12-month high of $92.40. The firm has a market capitalization of $6.23 billion, a PE ratio of 15.36 and a beta of 0.55. The company’s 50-day moving average price is $85.83 and its 200 day moving average price is $71.09.

Endurance Specialty Holdings (NYSE:ENH) last released its quarterly earnings results on Friday, November 4th. The company reported $1.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by $0.19. The firm had revenue of $610.16 million for the quarter, compared to analyst estimates of $422.30 million. Endurance Specialty Holdings had a return on equity of 7.10% and a net margin of 17.54%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share.

Several institutional investors have recently added to or reduced their stakes in ENH. Cooke & Bieler LP raised its position in Endurance Specialty Holdings by 16.1% in the second quarter. Cooke & Bieler LP now owns 458,885 shares of the company’s stock valued at $30,819,000 after buying an additional 63,772 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in Endurance Specialty Holdings by 3.0% in the second quarter. Frontier Capital Management Co. LLC now owns 782,666 shares of the company’s stock valued at $52,564,000 after buying an additional 23,114 shares in the last quarter. JPMorgan Chase & Co. raised its position in Endurance Specialty Holdings by 155.6% in the first quarter. JPMorgan Chase & Co. now owns 90,695 shares of the company’s stock valued at $5,926,000 after buying an additional 55,212 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Endurance Specialty Holdings by 570.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 74,514 shares of the company’s stock valued at $4,869,000 after buying an additional 63,400 shares in the last quarter. Finally, BlackRock Group LTD raised 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 in the last quarter. 87.63% of the stock is owned by institutional investors.

About Endurance Specialty Holdings

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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