Trading Report: Today: Endurance Specialty Holdings Ltd. (ENH) gets “Neutral” status at Langen Mcalenn

Today: Endurance Specialty Holdings Ltd. (ENH) gets “Neutral” status at Langen Mcalenn

Langen Mcalenn downgraded shares of Endurance Specialty Holdings Ltd. (NYSE:ENH) from a buy rating to a neutral rating in a research note released on Tuesday morning.

Several other research analysts have also weighed in on the company. Keefe, Bruyette & Woods upgraded Endurance Specialty Holdings from a market perform rating to an outperform rating and set a $79.00 price objective for the company in a research report on Monday, July 11th. Zacks Investment Research upgraded Endurance Specialty Holdings from a sell rating to a hold rating in a research report on Tuesday, October 4th. Finally, Janney Montgomery Scott lowered Endurance Specialty Holdings from a buy rating to a neutral rating in a research report on Tuesday, October 11th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $82.00.

Endurance Specialty Holdings (NYSE:ENH) opened at 91.89 on Tuesday. Endurance Specialty Holdings has a one year low of $57.97 and a one year high of $92.18. The stock has a market capitalization of $6.21 billion, a P/E ratio of 18.89 and a beta of 0.78. The stock has a 50 day moving average price of $72.29 and a 200-day moving average price of $67.53.

Endurance Specialty Holdings (NYSE:ENH) last issued its quarterly earnings data on Monday, August 1st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.03. The company earned $599.61 million during the quarter, compared to analyst estimates of $728.83 million. Endurance Specialty Holdings had a return on equity of 6.29% and a net margin of 14.86%. The firm’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.76 earnings per share. Analysts anticipate that Endurance Specialty Holdings will post $5.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid a dividend of $0.38 per share. 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 (DPR) is 31.60%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENH. Vanguard Group Inc. boosted its position in Endurance Specialty Holdings by 4.9% in the second quarter. Vanguard Group Inc. now owns 4,499,522 shares of the company’s stock worth $302,188,000 after buying an additional 210,401 shares during the period. LSV Asset Management boosted its stake in shares of Endurance Specialty Holdings by 1.1% in the second quarter. LSV Asset Management now owns 3,003,086 shares of the company’s stock valued at $201,687,000 after buying an additional 33,329 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Endurance Specialty Holdings by 2.4% in the second quarter. Champlain Investment Partners LLC now owns 2,438,505 shares of the company’s stock valued at $163,770,000 after buying an additional 56,150 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Endurance Specialty Holdings by 6.2% in the second quarter. BlackRock Fund Advisors now owns 2,136,305 shares of the company’s stock valued at $143,474,000 after buying an additional 125,129 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Endurance Specialty Holdings by 4.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,861,725 shares of the company’s stock valued at $125,033,000 after buying an additional 85,878 shares during the last quarter. Institutional investors own 87.82% of the company’s stock.

Endurance Specialty Holdings Company Profile

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