Todays Report: The Janney Montgomery Scott Downgrades Endurance Specialty Holdings Ltd. (ENH) to Neutral

The Janney Montgomery Scott Downgrades Endurance Specialty Holdings Ltd. (ENH) to Neutral

Endurance Specialty Holdings Ltd. (NYSE:ENH) was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research note issued on Tuesday.

Other equities research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods set a $80.00 price target on shares of Endurance Specialty Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research cut shares of Endurance Specialty Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 8th. Five equities research analysts have rated the stock with a hold rating, Endurance Specialty Holdings presently has an average rating of “Hold” and an average target price of $82.00.

Shares of Endurance Specialty Holdings (NYSE:ENH) opened at 91.81 on Tuesday. The company has a 50 day moving average of $70.78 and a 200 day moving average of $67.17. The firm has a market capitalization of $6.20 billion, a PE ratio of 18.88 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.

Endurance Specialty Holdings (NYSE:ENH) last issued its quarterly earnings results on Monday, August 1st. The company reported $1.14 EPS for the quarter, topping the 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 analysts’ expectations of $728.83 million. During the same period in the previous year, the business earned $1.76 earnings per share. Endurance Specialty Holdings’s revenue for the quarter was up 30.9% compared to the same quarter last year. On average, analysts anticipate that Endurance Specialty Holdings will post $5.41 earnings per share for the current fiscal 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 dividend of $0.38 per share. 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 payout ratio is presently 31.60%.

A number of hedge funds have recently bought and sold shares of ENH. Ifrah Financial Services Inc. increased its stake in Endurance Specialty Holdings by 0.7% in the second quarter. Ifrah Financial Services Inc. now owns 4,324 shares of the company’s stock valued at $290,000 after buying an additional 30 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in Endurance Specialty Holdings by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 18,137 shares of the company’s stock valued at $1,218,000 after buying an additional 55 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in Endurance Specialty Holdings by 1.9% in the second quarter. Clear Harbor Asset Management LLC now owns 4,139 shares of the company’s stock valued at $278,000 after buying an additional 78 shares during the last quarter. Alliancebernstein L.P. increased its stake in Endurance Specialty Holdings by 0.3% in the second quarter. Alliancebernstein L.P. now owns 43,548 shares of the company’s stock valued at $2,925,000 after buying an additional 150 shares during the last quarter. Finally, United Services Automobile Association increased its stake in Endurance Specialty Holdings by 2.5% in the second quarter. United Services Automobile Association now owns 6,210 shares of the company’s stock valued at $417,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 87.82% of the company’s stock.

Endurance Specialty Holdings Company Profile

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