Investment Management of Virginia LLC decreased its stake in Endurance Specialty Holdings Ltd. (NYSE:ENH) by 52.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,395 shares of the company’s stock after selling 22,475 shares during the period. Investment Management of Virginia LLC’s holdings in Endurance Specialty Holdings were worth $1,335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. acquired a new position in Endurance Specialty Holdings during the second quarter valued at $105,000. State of Alaska Department of Revenue acquired a new position in Endurance Specialty Holdings during the second quarter valued at $120,000. First Manhattan Co. acquired a new position in Endurance Specialty Holdings during the second quarter valued at $136,000. PNC Financial Services Group Inc. increased its position in Endurance Specialty Holdings by 20.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,764 shares of the company’s stock valued at $186,000 after buying an additional 460 shares during the last quarter. Finally, World Asset Management Inc acquired a new position in Endurance Specialty Holdings during the second quarter valued at $202,000. Hedge funds and other institutional investors own 84.95% of the company’s stock.

Institutional Ownership by Quarter for Endurance Specialty Holdings (NYSE:ENH)

Endurance Specialty Holdings Ltd. (NYSE:ENH) traded down 0.12% during trading on Monday, reaching $92.25. 207,802 shares of the company traded hands. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 15.36 and a beta of 0.55. The company’s 50-day moving average price is $92.04 and its 200 day moving average price is $73.56. Endurance Specialty Holdings Ltd. has a 52 week low of $57.97 and a 52 week high of $92.50.

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 consensus estimate of $1.71 by $0.19. The company earned $610.16 million during 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 business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. On average, equities research analysts expect that Endurance Specialty Holdings Ltd. will post $5.10 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Monday, December 12th. Endurance Specialty Holdings’s dividend payout ratio (DPR) is currently 25.33%.

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Several research firms have weighed in on ENH. Keefe, Bruyette & Woods downgraded shares of Endurance Specialty Holdings from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $80.00 to $93.00 in a report on Friday, October 7th. Janney Montgomery Scott downgraded shares of Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, October 11th. Zacks Investment Research upgraded shares of Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, November 23rd. Macquarie downgraded shares of Endurance Specialty Holdings from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 19th. Finally, Langen Mcalenn downgraded shares of Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, October 11th. Six investment analysts have rated the stock with a hold rating, Endurance Specialty Holdings has a consensus rating of “Hold” and an average price target of $82.00.

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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