Endurance Specialty Holdings Ltd. (ENH) Downgraded by Zacks Investment Research to “Strong Sell”
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. “
A number of other research analysts have also weighed in on ENH. Keefe, Bruyette & Woods raised shares of Endurance Specialty Holdings from a market perform rating to an outperform rating and set a $79.00 price target on the stock in a research note on Monday, July 11th. Janney Montgomery Scott downgraded shares of Endurance Specialty Holdings from a buy rating to a neutral rating in a report on Tuesday. Finally, Langen Mcalenn downgraded shares of Endurance Specialty Holdings from a buy rating to a neutral rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Endurance Specialty Holdings presently has a consensus rating of Hold and a consensus target price of $82.00.
Shares of Endurance Specialty Holdings (NYSE:ENH) traded up 0.10% during mid-day trading on Thursday, reaching $91.87. 507,180 shares of the company’s stock were exchanged. Endurance Specialty Holdings has a 52-week low of $57.97 and a 52-week high of $92.18. The stock’s 50-day moving average is $71.54 and its 200-day moving average is $67.34. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 18.89 and a beta of 0.78.
Endurance Specialty Holdings (NYSE:ENH) last announced 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 firm had revenue of $599.61 million for the quarter, compared to analyst estimates of $728.83 million. During the same quarter in the previous year, the firm posted $1.76 earnings per share. The business’s revenue was up 30.9% on a year-over-year basis. On average, equities analysts expect that Endurance Specialty Holdings will post $5.41 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.66%. Endurance Specialty Holdings’s dividend payout ratio (DPR) is presently 31.60%.
Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. purchased a new position in shares of Endurance Specialty Holdings during the second quarter worth $105,000. State of Alaska Department of Revenue purchased a new position in shares of Endurance Specialty Holdings during the second quarter worth $120,000. First Manhattan Co. purchased a new position in shares of Endurance Specialty Holdings during the second quarter worth $136,000. PNC Financial Services Group Inc. increased its position in shares of Endurance Specialty Holdings by 20.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,764 shares of the company’s stock worth $186,000 after buying an additional 460 shares during the last quarter. Finally, World Asset Management Inc purchased a new position in shares of Endurance Specialty Holdings during the second quarter worth $202,000. 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.
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