Zacks Investment Research upgraded shares of Endurance Specialty Holdings Ltd. (NYSE:ENH) from a sell rating to a hold rating in a research report report published on Wednesday morning.
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. “
ENH has been the topic of several other research reports. Keefe, Bruyette & Woods set a $80.00 price target on shares of Endurance Specialty Holdings and gave the company a buy rating in a research report on Wednesday, August 3rd. Janney Montgomery Scott lowered shares of Endurance Specialty Holdings from a buy rating to a neutral rating in a research report on Tuesday, October 11th. Langen Mcalenn lowered shares of Endurance Specialty Holdings from a buy rating to a neutral rating in a research report on Tuesday, October 11th. Finally, Macquarie lowered shares of Endurance Specialty Holdings from an outperform rating to a neutral rating in a research report on Wednesday, October 19th. Six investment analysts have rated the stock with a hold rating, The company has an average rating of Hold and a consensus target price of $82.00.
Shares of Endurance Specialty Holdings (NYSE:ENH) opened at 92.36 on Wednesday. Endurance Specialty Holdings has a 12-month low of $57.97 and a 12-month high of $92.50. The stock has a 50 day moving average of $92.03 and a 200-day moving average of $73.26. The company has a market capitalization of $6.24 billion, a P/E ratio of 15.38 and a beta of 0.55.
Endurance Specialty Holdings (NYSE:ENH) last released its quarterly earnings data on Friday, November 4th. The company reported $1.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.71 by $0.19. The business earned $610.16 million during the quarter, compared to analyst estimates of $422.30 million. Endurance Specialty Holdings had a return on equity of 7.10% and a net margin of 17.54%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. Equities research analysts forecast that Endurance Specialty Holdings will post $5.10 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.65%. The ex-dividend date is Monday, December 12th. Endurance Specialty Holdings’s payout ratio is 25.33%.
A number of institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in Endurance Specialty Holdings by 119.0% in the third quarter. Victory Capital Management Inc. now owns 1,489,157 shares of the company’s stock valued at $97,465,000 after buying an additional 809,282 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Endurance Specialty Holdings during the second quarter valued at about $29,355,000. Vanguard Group Inc. increased 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 valued at $302,188,000 after buying an additional 210,401 shares during the last quarter. Citadel Advisors LLC increased its position in Endurance Specialty Holdings by 144.7% in the third quarter. Citadel Advisors LLC now owns 340,764 shares of the company’s stock valued at $22,303,000 after buying an additional 201,529 shares during the last quarter. Finally, Foundry Partners LLC bought a new position in Endurance Specialty Holdings during the second quarter valued at about $11,447,000. 84.95% of the stock is currently owned by institutional investors and hedge funds.
About Endurance Specialty Holdings
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.