Endurance Specialty Holdings Ltd. (ENH) Downgraded to Market Perform at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods cut shares of Endurance Specialty Holdings Ltd. (NYSE:ENH) from an outperform rating to a market perform rating in a research note issued to investors on Friday morning. Keefe, Bruyette & Woods currently has $93.00 price objective on the stock, up from their prior price objective of $80.00.
Separately, Zacks Investment Research raised shares of Endurance Specialty Holdings from a sell rating to a hold rating in a report on Tuesday, October 4th.
Endurance Specialty Holdings (NYSE:ENH) traded up 0.11% during midday trading on Friday, hitting $91.85. 1,374,430 shares of the company traded hands. The stock has a 50 day moving average price of $68.51 and a 200-day moving average price of $66.59. The company has a market cap of $6.21 billion, a PE ratio of 18.88 and a beta of 0.78. Endurance Specialty Holdings has a 12-month low of $57.97 and a 12-month high of $91.94.
Endurance Specialty Holdings (NYSE:ENH) last issued its quarterly earnings results on Monday, August 1st. The company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.03. Endurance Specialty Holdings had a net margin of 14.86% and a return on equity of 6.29%. The company earned $599.61 million during the quarter, compared to the consensus estimate of $728.83 million. During the same period in the prior year, the company earned $1.76 EPS. Endurance Specialty Holdings’s revenue was up 30.9% on a year-over-year basis. Analysts expect that Endurance Specialty Holdings will post $5.41 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.52 annualized dividend and a yield of 1.66%. Endurance Specialty Holdings’s payout ratio is presently 31.60%.
Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Endurance Specialty Holdings by 82.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,458,181 shares of the company’s stock valued at $95,278,000 after buying an additional 660,642 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Endurance Specialty Holdings by 633.0% in the first quarter. Meeder Asset Management Inc. now owns 11,962 shares of the company’s stock valued at $781,000 after buying an additional 10,330 shares during the last quarter. Rafferty Asset Management LLC increased its stake in Endurance Specialty Holdings by 49.0% in the first quarter. Rafferty Asset Management LLC now owns 8,210 shares of the company’s stock valued at $536,000 after buying an additional 2,699 shares during the last quarter. Wexford Capital LP bought a new stake in Endurance Specialty Holdings during the first quarter valued at about $660,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in Endurance Specialty Holdings during the first quarter valued at about $438,000. Hedge funds and other institutional investors own 87.82% of the company’s stock.
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.
Receive News & Ratings for Endurance Specialty Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endurance Specialty Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.