Endurance Specialty Holdings Ltd. (NYSE:ENH) shares gapped up before the market opened on Friday . The stock had previously closed at $67.20, but opened at $67.23. Endurance Specialty Holdings shares last traded at $67.91, with a volume of 31,601 shares.

Several research analysts recently issued reports on the stock. MKM Partners reissued a “hold” rating on shares of Endurance Specialty Holdings in a report on Monday, April 18th. Zacks Investment Research cut shares of Endurance Specialty Holdings from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Finally, Keefe, Bruyette & Woods raised shares of Endurance Specialty Holdings from a “market perform” rating to an “outperform” rating and set a $79.00 target price for the company in a report on Monday, July 11th.

The company’s 50 day moving average is $66.77 and its 200-day moving average is $64.40. The stock has a market cap of $4.57 billion and a P/E ratio of 12.80.

Endurance Specialty Holdings (NYSE:ENH) last posted its quarterly earnings results on Monday, May 2nd. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.24 by $0.02. The firm had revenue of $553.19 million for the quarter, compared to analyst estimates of $1,000 million. The company’s revenue was up 41.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.03 EPS. Equities research analysts expect that Endurance Specialty Holdings Ltd. will post $5.77 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, June 14th.

In other news, CEO John Charman purchased 130,000 shares of the stock in a transaction on Friday, June 3rd. The stock was bought at an average price of $68.55 per share, for a total transaction of $8,911,500.00. Following the acquisition, the chief executive officer now directly owns 971,255 shares of the company’s stock, valued at approximately $66,579,530.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Several hedge funds and institutional investors recently modified their holdings of ENH. ProShare Advisors LLC boosted its position in shares of Endurance Specialty Holdings by 9.3% in the fourth quarter. ProShare Advisors LLC now owns 15,729 shares of the company’s stock valued at $1,007,000 after buying an additional 1,343 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Endurance Specialty Holdings by 1.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,770 shares of the company’s stock valued at $1,137,000 after buying an additional 280 shares during the last quarter. Bragg Financial Advisors Inc boosted its position in shares of Endurance Specialty Holdings by 16.1% in the fourth quarter. Bragg Financial Advisors Inc now owns 20,715 shares of the company’s stock valued at $1,326,000 after buying an additional 2,874 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Endurance Specialty Holdings by 16.9% in the fourth quarter. GSA Capital Partners LLP now owns 33,782 shares of the company’s stock valued at $2,162,000 after buying an additional 4,887 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its position in shares of Endurance Specialty Holdings by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 39,053 shares of the company’s stock valued at $2,498,000 after buying an additional 13,263 shares during the last quarter.

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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