Endurance Specialty Holdings Ltd. (ENH) Shares Gap Up to $66.70
Endurance Specialty Holdings Ltd. (NYSE:ENH)’s share price gapped up prior to trading on Monday . The stock had previously closed at $66.29, but opened at $66.70. Endurance Specialty Holdings shares last traded at $68.06, with a volume of 160,306 shares.
A number of equities analysts have recently issued reports on ENH shares. Zacks Investment Research upgraded Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th. Keefe, Bruyette & Woods upgraded Endurance Specialty Holdings from a “market perform” rating to an “outperform” rating in a report on Monday. Finally, MKM Partners reiterated a “hold” rating on shares of Endurance Specialty Holdings in a report on Monday, April 18th.
The company has a market capitalization of $4.59 billion and a P/E ratio of 12.85. The firm’s 50 day moving average price is $66.60 and its 200-day moving average price is $64.21.
Endurance Specialty Holdings (NYSE:ENH) last posted its quarterly earnings data on Monday, May 2nd. The company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.02. During the same period in the previous year, the business posted $2.03 EPS. The company had revenue of $553.19 million for the quarter, compared to analysts’ expectations of $1,000 million. The business’s revenue for the quarter was up 41.9% on a year-over-year basis. On average, equities research analysts expect that Endurance Specialty Holdings Ltd. will post $6.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were given a dividend of $0.38 per share. The ex-dividend date was Tuesday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.23%.
In related news, CEO John Charman acquired 75,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was purchased at an average price of $67.65 per share, with a total value of $5,073,750.00. Following the transaction, the chief executive officer now owns 971,255 shares of the company’s stock, valued at approximately $65,705,400.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Several institutional investors recently bought and sold shares of the company. Liberty Mutual Group Asset Management Inc. boosted its position in Endurance Specialty Holdings by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 39,053 shares of the company’s stock worth $2,498,000 after buying an additional 13,263 shares during the last quarter. Janus Capital Management boosted its position in Endurance Specialty Holdings by 14.1% in the third quarter. Janus Capital Management now owns 79,200 shares of the company’s stock worth $4,834,000 after buying an additional 9,800 shares during the last quarter. Bragg Financial Advisors Inc boosted its position in 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. First Trust Advisors LP boosted its position in Endurance Specialty Holdings by 51.5% in the fourth quarter. First Trust Advisors LP now owns 356,038 shares of the company’s stock worth $22,783,000 after buying an additional 121,099 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in Endurance Specialty Holdings by 16.9% in the fourth quarter. GSA Capital Partners LLP now owns 33,782 shares of the company’s stock worth $2,162,000 after buying an additional 4,887 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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