Principal Financial Group Inc. Reduces Stake in Endurance Specialty Holdings Ltd. (ENH)
Principal Financial Group Inc. cut its stake in shares of Endurance Specialty Holdings Ltd. (NYSE:ENH) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 490,839 shares of the company’s stock after selling 60,532 shares during the period. Principal Financial Group Inc. owned approximately 0.73% of Endurance Specialty Holdings worth $32,965,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Endurance Specialty Holdings by 155.6% in the first quarter. JPMorgan Chase & Co. now owns 90,695 shares of the company’s stock valued at $5,926,000 after buying an additional 55,212 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Endurance Specialty Holdings by 23.8% in the first quarter. BlackRock Group LTD now owns 43,213 shares of the company’s stock valued at $2,824,000 after buying an additional 8,304 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Endurance Specialty Holdings by 570.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 74,514 shares of the company’s stock valued at $4,869,000 after buying an additional 63,400 shares in the last quarter. First Manhattan Co. acquired a new stake in shares of Endurance Specialty Holdings during the second quarter valued at about $136,000. Finally, Arizona State Retirement System increased its stake in shares of Endurance Specialty Holdings by 0.7% in the first quarter. Arizona State Retirement System now owns 29,300 shares of the company’s stock valued at $1,914,000 after buying an additional 200 shares in the last quarter. 87.82% of the stock is owned by institutional investors.
Endurance Specialty Holdings Ltd. (NYSE:ENH) traded up 0.219% on Thursday, reaching $66.405. The company’s stock had a trading volume of 75,041 shares. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 13.652 and a beta of 0.78. The firm has a 50 day moving average of $65.75 and a 200 day moving average of $65.75. Endurance Specialty Holdings Ltd. has a 12 month low of $57.97 and a 12 month high of $69.72.
Endurance Specialty Holdings (NYSE:ENH) last released its quarterly earnings data on Monday, August 1st. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.03. The firm earned $599.61 million during the quarter, compared to the consensus estimate of $728.83 million. Endurance Specialty Holdings had a return on equity of 6.29% and a net margin of 14.86%. The company’s quarterly revenue was up 30.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 earnings per share. Analysts anticipate that Endurance Specialty Holdings Ltd. will post $5.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.29%. Endurance Specialty Holdings’s dividend payout ratio is 31.60%.
Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods set a $80.00 price target on Endurance Specialty Holdings and gave the company a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research downgraded Endurance Specialty Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 8th.
Endurance Specialty Holdings Company Profile
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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