Langen Mcalenn Downgrades Endurance Specialty Holdings Ltd. (ENH) to Neutral
Endurance Specialty Holdings Ltd. (NYSE:ENH) was downgraded by equities researchers at Langen Mcalenn from a “buy” rating to a “neutral” rating in a research report issued on Tuesday.
ENH has been the topic of several other reports. Zacks Investment Research lowered shares of Endurance Specialty Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 8th. Keefe, Bruyette & Woods set a $80.00 price target on shares of Endurance Specialty Holdings and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Janney Montgomery Scott lowered shares of Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating, Endurance Specialty Holdings presently has an average rating of “Hold” and an average target price of $82.00.
Shares of Endurance Specialty Holdings (NYSE:ENH) traded up 0.04% during midday trading on Tuesday, reaching $91.79. The company’s stock had a trading volume of 994,696 shares. Endurance Specialty Holdings has a 52 week low of $57.97 and a 52 week high of $92.18. The company has a 50 day moving average of $70.02 and a 200-day moving average of $66.99. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 18.87 and a beta of 0.78.
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Endurance Specialty Holdings (NYSE:ENH) last issued its 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 company had revenue of $599.61 million for the quarter, compared to analyst estimates of $728.83 million. During the same period in the prior year, the business posted $1.76 earnings per share. The firm’s revenue for the quarter was up 30.9% compared to the same quarter last year. Equities research analysts predict that Endurance Specialty Holdings will post $5.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Wednesday, September 14th. Endurance Specialty Holdings’s payout ratio is 31.60%.
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Endurance Specialty Holdings by 155.6% in the first quarter. JPMorgan Chase & Co. now owns 90,695 shares of the company’s stock valued at $5,926,000 after buying an additional 55,212 shares during the last quarter. BlackRock Group LTD increased its position in shares of Endurance Specialty Holdings by 23.8% in the first quarter. BlackRock Group LTD now owns 43,213 shares of the company’s stock valued at $2,824,000 after buying an additional 8,304 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Endurance Specialty Holdings by 570.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 74,514 shares of the company’s stock valued at $4,869,000 after buying an additional 63,400 shares during the last quarter. First Manhattan Co. purchased a new position in shares of Endurance Specialty Holdings during the second quarter valued at about $136,000. Finally, Arizona State Retirement System increased its position in shares of Endurance Specialty Holdings by 0.7% in the first quarter. Arizona State Retirement System now owns 29,300 shares of the company’s stock valued at $1,914,000 after buying an additional 200 shares during the last quarter. 87.82% of the stock is currently 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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