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. “
Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods set a $80.00 price objective on Endurance Specialty Holdings and gave the stock a buy rating in a research report on Wednesday, August 3rd. Janney Montgomery Scott lowered Endurance Specialty Holdings from a buy rating to a neutral rating in a research report on Tuesday, October 11th. Finally, Langen Mcalenn lowered Endurance Specialty Holdings from a buy rating to a neutral rating in a research report on Tuesday, October 11th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of Hold and a consensus price target of $82.00.
Endurance Specialty Holdings (NYSE:ENH) opened at 91.88 on Thursday. The stock has a market cap of $6.21 billion, a PE ratio of 18.89 and a beta of 0.78. The firm has a 50-day moving average price of $73.80 and a 200-day moving average price of $67.94. Endurance Specialty Holdings has a 12-month low of $57.97 and a 12-month high of $92.18.
Endurance Specialty Holdings (NYSE:ENH) last released its quarterly 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. Endurance Specialty Holdings had a return on equity of 6.29% and a net margin of 14.86%. The business earned $599.61 million during the quarter, compared to analyst estimates of $728.83 million. During the same quarter last year, the company posted $1.76 EPS. Endurance Specialty Holdings’s revenue for the quarter was up 30.9% on a year-over-year basis. Analysts forecast that Endurance Specialty Holdings will post $5.41 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Wednesday, September 14th. Endurance Specialty Holdings’s dividend payout ratio is currently 31.60%.
A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Endurance Specialty Holdings by 155.6% in the first quarter. JPMorgan Chase & Co. now owns 90,695 shares of the company’s stock worth $5,926,000 after buying an additional 55,212 shares during the last quarter. BlackRock Group LTD increased its stake in Endurance Specialty Holdings by 23.8% in the first quarter. BlackRock Group LTD now owns 43,213 shares of the company’s stock worth $2,824,000 after buying an additional 8,304 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Endurance Specialty Holdings by 570.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 74,514 shares of the company’s stock worth $4,869,000 after buying an additional 63,400 shares during the last quarter. First Manhattan Co. purchased a new stake in Endurance Specialty Holdings during the second quarter worth $136,000. Finally, Arizona State Retirement System increased its stake in Endurance Specialty Holdings by 0.7% in the first quarter. Arizona State Retirement System now owns 29,300 shares of the company’s stock worth $1,914,000 after buying an additional 200 shares during the last quarter. 87.73% of the stock is currently owned by institutional investors.
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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