Endurance Specialty Holdings Ltd. (NYSE:ENH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
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. “
Separately, Keefe, Bruyette & Woods upgraded shares of Endurance Specialty Holdings from a “market perform” rating to an “outperform” rating and set a $79.00 price objective on the stock in a report on Monday, July 11th.
Endurance Specialty Holdings (NYSE:ENH) opened at 91.75 on Tuesday. Endurance Specialty Holdings has a 52 week low of $57.97 and a 52 week high of $91.87. The firm has a 50-day moving average of $66.99 and a 200-day moving average of $66.22. The company has a market capitalization of $6.20 billion, a PE ratio of 18.86 and a beta of 0.78.
Endurance Specialty Holdings (NYSE:ENH) last released its quarterly earnings data on Monday, August 1st. The company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 the consensus estimate of $728.83 million. During the same quarter in the prior year, the company posted $1.76 earnings per share. The business’s revenue was up 30.9% on a year-over-year basis. Equities analysts expect that Endurance Specialty Holdings will post $5.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a $0.38 dividend. The ex-dividend date 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 is currently 31.60%.
Several hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Endurance Specialty Holdings during the fourth quarter valued at approximately $38,789,000. Virginia Retirement System purchased a new stake in shares of Endurance Specialty Holdings during the first quarter valued at approximately $1,622,000. TIAA CREF Investment Management LLC increased its stake in shares of Endurance Specialty Holdings by 6.0% in the first quarter. TIAA CREF Investment Management LLC now owns 123,786 shares of the company’s stock valued at $8,088,000 after buying an additional 7,025 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of Endurance Specialty Holdings by 6.1% in the first quarter. Teachers Advisors Inc. now owns 54,317 shares of the company’s stock valued at $3,549,000 after buying an additional 3,113 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Endurance Specialty Holdings by 7.3% in the first quarter. Prudential Financial Inc. now owns 564,184 shares of the company’s stock valued at $36,863,000 after buying an additional 38,370 shares during the last quarter. Institutional investors own 87.82% of the company’s stock.
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.
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