Endurance Specialty Holdings Ltd. (NYSE:ENH) – Equities research analysts at Langen Mcalenn boosted their Q3 2016 earnings per share (EPS) estimates for shares of Endurance Specialty Holdings in a research report issued on Tuesday. Langen Mcalenn analyst R. Byrnes now forecasts that the brokerage will post earnings per share of $1.61 for the quarter, up from their prior estimate of $1.34. Langen Mcalenn has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Endurance Specialty Holdings’ Q4 2016 earnings at $0.37 EPS and FY2016 earnings at $4.05 EPS.
Endurance Specialty Holdings (NYSE:ENH) last posted its quarterly earnings results on Monday, August 1st. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.03. The firm had revenue of $599.61 million for the quarter, compared to analyst estimates of $728.83 million. Endurance Specialty Holdings had a net margin of 14.86% and a return on equity of 6.29%. Endurance Specialty Holdings’s quarterly revenue was up 30.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Endurance Specialty Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday. Janney Montgomery Scott downgraded shares of Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods downgraded shares of Endurance Specialty Holdings from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $80.00 to $93.00 in a report on Friday, October 7th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Endurance Specialty Holdings has an average rating of “Hold” and a consensus target price of $82.00.
Endurance Specialty Holdings (NYSE:ENH) opened at 91.78 on Thursday. The company’s 50-day moving average is $71.54 and its 200-day moving average is $67.34. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 18.87 and a beta of 0.78. Endurance Specialty Holdings has a 52-week low of $57.97 and a 52-week high of $92.18.
Several large investors have recently modified their holdings of ENH. CenturyLink Investment Management Co increased its stake in shares of Endurance Specialty Holdings by 98.4% in the third quarter. CenturyLink Investment Management Co now owns 10,663 shares of the company’s stock worth $698,000 after buying an additional 5,288 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Endurance Specialty Holdings by 3.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 21,342 shares of the company’s stock valued at $1,397,000 after buying an additional 760 shares in the last quarter. Nadler Financial Group Inc. bought a new stake in Endurance Specialty Holdings during the third quarter valued at about $250,000. Mason Street Advisors LLC bought a new stake in Endurance Specialty Holdings during the second quarter valued at about $1,898,000. Finally, Royal Bank of Canada boosted its stake in Endurance Specialty Holdings by 15.1% in the second quarter. Royal Bank of Canada now owns 256,660 shares of the company’s stock valued at $17,237,000 after buying an additional 33,749 shares in the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.66%. Endurance Specialty Holdings’s dividend payout ratio (DPR) is presently 31.60%.
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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