Insider Buying: John Charman Purchases 7,780 Shares of Endurance Specialty Holdings Stock (ENH)
Endurance Specialty Holdings (NYSE:ENH) CEO John Charman bought 7,780 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $54.58 per share, with a total value of $424,632.40. Following the completion of the purchase, the chief executive officer now directly owns 593,642 shares in the company, valued at approximately $32,400,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ENH shares. Analysts at Janney Montgomery Scott upgraded shares of Endurance Specialty Holdings from a “neutral” rating to a “buy” rating in a research note on Thursday, July 17th. Analysts at Bank of America upgraded shares of Endurance Specialty Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 1st. They now have a $57.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Endurance Specialty Holdings has a consensus rating of “Buy” and a consensus target price of $34.29.
Endurance Specialty Holdings (NYSE:ENH) traded up 1.58% during mid-day trading on Friday, hitting $55.45. The stock had a trading volume of 336,549 shares. Endurance Specialty Holdings has a one year low of $49.29 and a one year high of $58.83. The stock’s 50-day moving average is $52.77 and its 200-day moving average is $52.48. The company has a market cap of $2.479 billion and a P/E ratio of 7.94.
Endurance Specialty Holdings (NYSE:ENH) last released its earnings data on Monday, August 4th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.14. The company had revenue of $511.40 million for the quarter, compared to the consensus estimate of $518.60 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Endurance Specialty Holdings will post $6.33 EPS for the current fiscal year.
Endurance Specialty Holdings Ltd. (NYSE:ENH) is a holding company.
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