Emerald Acquisition Ltd. decreased its stake in Endurance Specialty Holdings Ltd (NYSE:ENH) by 56.0% during the third quarter, Holdings Channel reports. The firm owned 192,242 shares of the company’s stock after selling 244,877 shares during the period. Emerald Acquisition Ltd.’s holdings in Endurance Specialty Holdings were worth $12,582,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ENH. California State Teachers Retirement System raised its stake in Endurance Specialty Holdings by 0.8% in the third quarter. California State Teachers Retirement System now owns 140,198 shares of the company’s stock valued at $9,176,000 after buying an additional 1,100 shares during the period. Hancock Holding Co. raised its stake in Endurance Specialty Holdings by 6.0% in the third quarter. Hancock Holding Co. now owns 212,347 shares of the company’s stock valued at $13,898,000 after buying an additional 12,021 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Endurance Specialty Holdings by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 27,830 shares of the company’s stock valued at $1,821,000 after buying an additional 390 shares during the period. Tower Research Capital LLC TRC raised its stake in Endurance Specialty Holdings by 373.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,130 shares of the company’s stock valued at $204,000 after buying an additional 2,469 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Endurance Specialty Holdings by 3.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,933,137 shares of the company’s stock valued at $126,524,000 after buying an additional 71,412 shares during the period. Hedge funds and other institutional investors own 87.29% of the company’s stock.

Institutional Ownership by Quarter for Endurance Specialty Holdings (NYSE:ENH)

Endurance Specialty Holdings Ltd (NYSE:ENH) opened at 92.66 on Friday. Endurance Specialty Holdings Ltd has a 52-week low of $57.97 and a 52-week high of $92.73. The firm has a 50-day moving average of $92.41 and a 200 day moving average of $79.26. The company has a market cap of $6.26 billion, a PE ratio of 15.43 and a beta of 0.52.

Endurance Specialty Holdings (NYSE:ENH) last posted its earnings results on Friday, November 4th. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by $0.19. Endurance Specialty Holdings had a net margin of 17.54% and a return on equity of 7.10%. The firm earned $610.16 million during the quarter, compared to analyst estimates of $422.30 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Endurance Specialty Holdings Ltd will post $4.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Wednesday, December 14th were paid a $0.38 dividend. The ex-dividend date was Monday, December 12th. This represents a $1.52 dividend on an annualized basis and a yield of 1.64%. Endurance Specialty Holdings’s payout ratio is presently 25.33%.

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Several equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Endurance Specialty Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, January 3rd. Macquarie lowered shares of Endurance Specialty Holdings from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 19th. Langen Mcalenn lowered shares of Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 11th. Janney Montgomery Scott lowered shares of Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 11th. Finally, Keefe, Bruyette & Woods lowered shares of Endurance Specialty Holdings from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $80.00 to $93.00 in a research note on Friday, October 7th. Six research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $98.00.

About Endurance Specialty Holdings

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.

5 Day Chart for NYSE:ENH

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