Endurance Specialty Holdings Ltd. (ENH) Announces Quarterly Dividend of $0.34
Endurance Specialty Holdings (NYSE:ENH) declared a quarterly dividend on Friday, August 15th, American Banking and Market News reports. Investors of record on Monday, September 15th will be given a dividend of 0.34 per share on Tuesday, September 30th. This represents a $1.36 dividend on an annualized basis and a yield of 2.39%.
A number of research firms have recently commented on ENH. Analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Endurance Specialty Holdings in a research note on Thursday. They now have a $60.00 price target on the stock, up previously from $56.00. On a related note, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $34.86.
Endurance Specialty Holdings (NYSE:ENH) traded up 0.47% on Friday, hitting $57.16. 280,448 shares of the company’s stock traded hands. Endurance Specialty Holdings has a 52-week low of $49.29 and a 52-week high of $58.83. The stock’s 50-day moving average is $53.50 and its 200-day moving average is $52.58. The company has a market cap of $2.556 billion and a price-to-earnings ratio of 8.28.
Endurance Specialty Holdings (NYSE:ENH) last posted its quarterly earnings results 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. On average, analysts predict that Endurance Specialty Holdings will post $6.33 earnings per share for the current fiscal year.
In other Endurance Specialty Holdings news, CEO John Charman acquired 7,780 shares of Endurance Specialty Holdings stock on the open market in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $54.58 per share, with a total value of $424,632.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Endurance Specialty Holdings Ltd. (NYSE:ENH) is a holding company.
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