Janney Montgomery Scott Downgrades Endurance Specialty Holdings Ltd. (ENH) to Neutral
Endurance Specialty Holdings Ltd. (NYSE:ENH) was downgraded by investment analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, The Fly reports.
Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods set a $80.00 price objective on Endurance Specialty Holdings and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research cut Endurance Specialty Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 8th.
Shares of Endurance Specialty Holdings (NYSE:ENH) traded down 0.22% on Tuesday, reaching $91.75. The company’s stock had a trading volume of 2,407,555 shares. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 18.86 and a beta of 0.78. Endurance Specialty Holdings has a 52-week low of $57.97 and a 52-week high of $92.18. The stock has a 50-day moving average of $69.27 and a 200 day moving average of $66.81.
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Endurance Specialty Holdings (NYSE:ENH) last announced its quarterly earnings data on Monday, August 1st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.03. The business earned $599.61 million during the quarter, compared to analysts’ expectations of $728.83 million. Endurance Specialty Holdings had a return on equity of 6.29% and a net margin of 14.86%. The firm’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 earnings per share. On average, equities research analysts forecast that Endurance Specialty Holdings will post $5.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, September 14th. Endurance Specialty Holdings’s payout ratio is 31.60%.
Several hedge funds have recently bought and sold shares of ENH. 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. raised 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. 87.82% of the stock is owned by institutional investors and hedge funds.
About Endurance Specialty Holdings
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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