Vanguard Group Inc. raised its stake in Endurance Specialty Holdings Ltd. (NYSE:ENH) by 4.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 4,499,522 shares of the company’s stock after buying an additional 210,401 shares during the period. Vanguard Group Inc. owned approximately 6.66% of Endurance Specialty Holdings worth $302,188,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Hancock Holding Co. boosted its stake in shares of Endurance Specialty Holdings by 0.3% in the second quarter. Hancock Holding Co. now owns 200,326 shares of the company’s stock valued at $13,434,000 after buying an additional 502 shares during the last quarter. TLP Group LLC acquired a new stake in shares of Endurance Specialty Holdings during the second quarter valued at approximately $382,000. Teacher Retirement System of Texas boosted its stake in shares of Endurance Specialty Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 8,841 shares of the company’s stock valued at $594,000 after buying an additional 1,071 shares during the last quarter. Eaton Vance Management acquired a new stake in shares of Endurance Specialty Holdings during the second quarter valued at approximately $564,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Endurance Specialty Holdings by 52.5% in the second quarter. Victory Capital Management Inc. now owns 679,875 shares of the company’s stock valued at $45,661,000 after buying an additional 233,950 shares during the last quarter. Institutional investors own 87.82% of the company’s stock.
Endurance Specialty Holdings Ltd. (NYSE:ENH) opened at 91.75 on Monday. The stock’s 50 day moving average price is $68.51 and its 200 day moving average price is $66.59. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 18.86 and a beta of 0.78. Endurance Specialty Holdings Ltd. has a 52 week low of $57.97 and a 52 week high of $91.87.
Endurance Specialty Holdings (NYSE:ENH) last announced its quarterly earnings data on Monday, August 1st. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.03. The firm earned $599.61 million during the quarter, compared to analysts’ expectations of $728.83 million. Endurance Specialty Holdings had a return on equity of 6.29% and a net margin of 14.86%. The company’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 EPS. On average, equities research analysts predict that Endurance Specialty Holdings Ltd. will post $5.41 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.52 annualized dividend and a yield of 1.66%. Endurance Specialty Holdings’s dividend payout ratio is presently 31.60%.
Several brokerages have recently commented on ENH. Keefe, Bruyette & Woods cut Endurance Specialty Holdings from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $80.00 to $93.00 in a report on Friday. Zacks Investment Research upgraded Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th.
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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