Insider Selling: Endurance Specialty Holdings CAO Sells 2,495 Shares of Stock (ENH)
Endurance Specialty Holdings (NYSE:ENH) CAO Carrie Rosorea sold 2,495 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $51.89, for a total transaction of $129,465.55. Following the completion of the transaction, the chief accounting officer now directly owns 7,726 shares of the company’s stock, valued at approximately $400,902. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of Endurance Specialty Holdings from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. They now have a $61.40 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Endurance Specialty Holdings presently has a consensus rating of “Buy” and a consensus price target of $34.91.
Endurance Specialty Holdings (NYSE:ENH) traded down 0.72% during mid-day trading on Tuesday, hitting $50.86. 346,660 shares of the company’s stock traded hands. Endurance Specialty Holdings has a 52 week low of $47.99 and a 52 week high of $58.83. The stock’s 50-day moving average is $51.86 and its 200-day moving average is $53.20. The company has a market cap of $2.272 billion and a P/E ratio of 7.99.
Endurance Specialty Holdings (NYSE:ENH) last posted its quarterly earnings results on Monday, May 5th. The company reported $2.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $1.10. The company had revenue of $440.77 million for the quarter, compared to the consensus estimate of $920.34 million. During the same quarter last year, the company posted $2.08 earnings per share. Endurance Specialty Holdings’s revenue was down 7.3% compared to the same quarter last year. On average, analysts predict that Endurance Specialty Holdings will post $6.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, June 12th.
Endurance Specialty Holdings Ltd. (NYSE:ENH) is a holding company.
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