Endurance Specialty Holdings Ltd. (NYSE:ENH) was downgraded by equities researchers at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report released on Friday. They currently have a $93.00 price target on the stock, up from their prior price target of $80.00. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 1.14% from the company’s current price.
Separately, Zacks Investment Research cut shares of Endurance Specialty Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 8th.
Endurance Specialty Holdings (NYSE:ENH) opened at 91.95 on Friday. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 18.90 and a beta of 0.78. Endurance Specialty Holdings has a 1-year low of $57.97 and a 1-year high of $92.18. The company’s 50 day moving average is $69.27 and its 200-day moving average is $66.81.
Endurance Specialty Holdings (NYSE:ENH) last posted its earnings results on Monday, August 1st. The company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.03. The business had revenue of $599.61 million for the quarter, compared to analysts’ expectations of $728.83 million. Endurance Specialty Holdings had a net margin of 14.86% and a return on equity of 6.29%. The firm’s revenue for the quarter was up 30.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 earnings per share. On average, analysts predict that Endurance Specialty Holdings will post $5.41 EPS for the current fiscal year.
The company also recently declared 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 of this dividend was Wednesday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.65%. Endurance Specialty Holdings’s dividend payout ratio (DPR) is presently 31.60%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. purchased a new position in Endurance Specialty Holdings during the second quarter worth approximately $105,000. State of Alaska Department of Revenue purchased a new position in Endurance Specialty Holdings during the second quarter worth approximately $120,000. First Manhattan Co. purchased a new position in Endurance Specialty Holdings during the second quarter worth approximately $136,000. PNC Financial Services Group Inc. raised 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 worth $186,000 after buying an additional 460 shares during the period. Finally, World Asset Management Inc purchased a new position in Endurance Specialty Holdings during the second quarter worth approximately $202,000. Hedge funds and other 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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