Endurance Specialty Holdings Ltd. (ENH) Downgraded by Janney Montgomery Scott
Endurance Specialty Holdings Ltd. (NYSE:ENH) was downgraded by Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a report released on Tuesday, The Fly reports.
Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods set a $80.00 price target on shares of Endurance Specialty Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th.
Shares of Endurance Specialty Holdings (NYSE:ENH) traded down 0.22% during mid-day trading on Tuesday, hitting $91.75. The company had a trading volume of 2,407,555 shares. The firm has a 50-day moving average price of $69.27 and a 200 day moving average price of $66.81. Endurance Specialty Holdings has a 52-week low of $57.97 and a 52-week high of $92.18. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 18.86 and a beta of 0.78.
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Endurance Specialty Holdings (NYSE:ENH) last released its quarterly earnings results on Monday, August 1st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.03. Endurance Specialty Holdings had a net margin of 14.86% and a return on equity of 6.29%. The firm earned $599.61 million during the quarter, compared to the consensus estimate of $728.83 million. During the same quarter in the prior year, the firm earned $1.76 EPS. The company’s revenue for the quarter was up 30.9% on a year-over-year basis. Analysts expect that Endurance Specialty Holdings will post $5.41 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.66%. Endurance Specialty Holdings’s payout ratio is 31.60%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. acquired a new stake in Endurance Specialty Holdings during the second quarter worth approximately $105,000. State of Alaska Department of Revenue acquired a new stake in Endurance Specialty Holdings during the second quarter worth approximately $120,000. First Manhattan Co. acquired a new stake in Endurance Specialty Holdings during the second quarter worth approximately $136,000. PNC Financial Services Group Inc. increased its stake in Endurance Specialty Holdings by 20.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,764 shares of the company’s stock worth $186,000 after buying an additional 460 shares during the last quarter. Finally, World Asset Management Inc acquired a new stake in Endurance Specialty Holdings during the second quarter worth approximately $202,000. Institutional investors own 87.82% of the company’s stock.
Endurance Specialty Holdings Company Profile
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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