Retirement Systems of Alabama boosted its position in shares of Endurance Specialty Holdings Ltd. (NYSE:ENH) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 231,048 shares of the company’s stock after buying an additional 558 shares during the period. Retirement Systems of Alabama’s holdings in Endurance Specialty Holdings were worth $15,517,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in ENH. State of Alaska Department of Revenue purchased a new stake in Endurance Specialty Holdings during the second quarter worth approximately $120,000. First Manhattan Co. purchased a new stake in Endurance Specialty Holdings during the second quarter worth approximately $136,000. HBK Investments L P purchased a new stake in Endurance Specialty Holdings during the first quarter worth approximately $216,000. LS Investment Advisors LLC boosted its stake in Endurance Specialty Holdings by 74.3% in the second quarter. LS Investment Advisors LLC now owns 3,731 shares of the company’s stock worth $251,000 after buying an additional 1,590 shares in the last quarter. Finally, Clear Harbor Asset Management LLC boosted its stake in Endurance Specialty Holdings by 26.2% in the first quarter. Clear Harbor Asset Management LLC now owns 4,061 shares of the company’s stock worth $265,000 after buying an additional 844 shares in the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.
Endurance Specialty Holdings Ltd. (NYSE:ENH) traded down 0.24% during mid-day trading on Friday, hitting $65.45. 339,982 shares of the company were exchanged. Endurance Specialty Holdings Ltd. has a 12-month low of $57.97 and a 12-month high of $69.72. The company’s 50-day moving average is $65.61 and its 200 day moving average is $65.84. The company has a market capitalization of $4.42 billion, a P/E ratio of 13.46 and a beta of 0.78.
Endurance Specialty Holdings (NYSE:ENH) last issued its earnings results on Monday, August 1st. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. Endurance Specialty Holdings had a net margin of 14.86% and a return on equity of 6.29%. The firm had revenue of $599.61 million for the quarter, compared to analyst estimates of $728.83 million. During the same quarter last year, the business posted $1.76 earnings per share. The company’s quarterly revenue was up 30.9% on a year-over-year basis. Analysts expect that Endurance Specialty Holdings Ltd. will post $5.41 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a $0.38 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.32%. Endurance Specialty Holdings’s dividend payout ratio is currently 31.60%.
ENH has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods set a $80.00 price objective on shares of Endurance Specialty Holdings and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research cut shares of Endurance Specialty Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 8th.
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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