Endurance Specialty Holdings Ltd. (NYSE:ENH)’s share price 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 traded.

Several research firms recently weighed in on ENH. Zacks Investment Research raised Endurance Specialty Holdings from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Monday, April 11th. MKM Partners reaffirmed a “hold” rating on shares of Endurance Specialty Holdings in a research note on Monday, April 18th. Finally, Keefe, Bruyette & Woods raised 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 note on Monday, July 11th.

The firm’s 50-day moving average is $66.74 and its 200-day moving average is $64.43. The stock has a market capitalization of $4.57 billion and a PE 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 Zacks’ consensus estimate of $1.24 by $0.02. The firm earned $553.19 million during the quarter, compared to analyst estimates of $1,000 million. The firm’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter last year, the business posted $2.03 earnings per share. On average, analysts predict that Endurance Specialty Holdings Ltd. will post $5.77 earnings per share for the current fiscal year.

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

In other news, CEO John Charman purchased 130,000 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was acquired at an average cost of $68.55 per share, for a total transaction of $8,911,500.00. Following the completion of the purchase, the chief executive officer now owns 971,255 shares of the company’s stock, valued at $66,579,530.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Other institutional investors recently modified their holdings of the company. Foresters Investment Management Company Inc. increased its position in shares of Endurance Specialty Holdings by 2.2% in the fourth quarter. Foresters Investment Management Company Inc. now owns 46,888 shares of the company’s stock worth $3,000,000 after buying an additional 1,000 shares during the last quarter. Systematic Financial Management LP bought a new position in shares of Endurance Specialty Holdings during the fourth quarter worth approximately $66,553,000. Diamond Hill Capital Management Inc. increased its position in shares of Endurance Specialty Holdings by 5.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 852,846 shares of the company’s stock worth $54,574,000 after buying an additional 47,440 shares during the last quarter. Bragg Financial Advisors Inc increased 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 worth $1,326,000 after buying an additional 2,874 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Endurance Specialty Holdings by 24.5% in the fourth quarter. Principal Financial Group Inc. now owns 544,483 shares of the company’s stock worth $34,842,000 after buying an additional 107,012 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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