Zacks Investment Research upgraded shares of Endurance Specialty Holdings Ltd. (NYSE:ENH) from a sell rating to a hold rating in a report published on Wednesday.

According to Zacks, “Endurance Specialty Holdings Ltd., through its wholly owned operating subsidiaries, is a global provider of property and casualty insurance and reinsurance. Through these subsidiaries, Endurance currently writes property per risk treaty reinsurance, property catastrophe reinsurance, casualty treaty reinsurance, property individual risks, casualty individual risks and other specialty lines. Endurance’s operating subsidiaries have been assigned a group rating of A- (Excellent) from A.M. Best, and headquarters are in Bermuda. “

A number of other analysts have also weighed in on the company. Keefe, Bruyette & Woods lowered Endurance Specialty Holdings from an outperform rating to a market perform rating and raised their target price for the company from $80.00 to $93.00 in a research note on Friday, October 7th. Langen Mcalenn lowered Endurance Specialty Holdings from a buy rating to a neutral rating in a research note on Tuesday, October 11th. Janney Montgomery Scott lowered Endurance Specialty Holdings from a buy rating to a neutral rating in a research note on Tuesday, October 11th. Finally, Macquarie lowered Endurance Specialty Holdings from an outperform rating to a neutral rating in a research report on Wednesday, October 19th. Six analysts have rated the stock with a hold rating, Endurance Specialty Holdings presently has an average rating of Hold and an average price target of $82.00.

Shares of Endurance Specialty Holdings (NYSE:ENH) opened at 92.37 on Wednesday. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 15.38 and a beta of 0.55. Endurance Specialty Holdings has a 1-year low of $57.97 and a 1-year high of $92.50. The firm’s 50-day moving average is $92.00 and its 200-day moving average is $73.06.

Endurance Specialty Holdings (NYSE:ENH) last issued its quarterly earnings data on Friday, November 4th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.71 by $0.19. The company had revenue of $610.16 million for the quarter, compared to the consensus estimate of $422.30 million. Endurance Specialty Holdings had a net margin of 17.54% and a return on equity of 7.10%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share. On average, analysts predict that Endurance Specialty Holdings will post $5.10 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in ENH. Advisor Group Inc. purchased a new stake in shares of Endurance Specialty Holdings during the second quarter worth approximately $105,000. State of Alaska Department of Revenue bought a new position in shares of Endurance Specialty Holdings during the second quarter worth about $120,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Endurance Specialty Holdings by 13.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the company’s stock worth $128,000 after buying an additional 228 shares during the period. First Manhattan Co. bought a new position in shares of Endurance Specialty Holdings during the second quarter worth about $136,000. Finally, Crow Point Partners LLC bought a new position in shares of Endurance Specialty Holdings during the third quarter worth about $174,000. Hedge funds and other institutional investors own 87.64% of the company’s stock.

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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.

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