Endurance Specialty Holdings Downgraded to “Neutral” at Bank of America (ENH)
Endurance Specialty Holdings (NYSE:ENH) traded down 0.27% during mid-day trading on Wednesday, hitting $58.235. The stock had a trading volume of 44,503 shares. 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 $55.27 and its 200-day moving average is $53.0. The company has a market cap of $2.604 billion and a P/E ratio of 8.50. Endurance Specialty Holdings also was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 1,535,682 shares, a decline of 40.2% from the July 31st total of 2,567,992 shares. Approximately 3.7% of the company’s shares are sold short. Based on an average daily trading volume, of 417,520 shares, the days-to-cover ratio is presently 3.7 days.
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 prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that Endurance Specialty Holdings will post $6.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, September 11th.
ENH has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Endurance Specialty Holdings in a research note on Thursday, August 14th. They now have a $60.00 price target on the stock, up previously from $56.00. 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. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $31.17.
In other Endurance Specialty Holdings news, CEO John Charman bought 1,100 shares of Endurance Specialty Holdings stock on the open market in a transaction dated Thursday, August 21st. The stock was purchased at an average price of $56.94 per share, with a total value of $62,634.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Endurance Specialty Holdings Ltd. (NYSE:ENH) is a holding company.
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