Q3 2016 EPS Estimates for Endurance Specialty Holdings Ltd. Raised by Langen Mcalenn (ENH)
Endurance Specialty Holdings Ltd. (NYSE:ENH) – Equities research analysts at Langen Mcalenn increased their Q3 2016 earnings per share (EPS) estimates for shares of Endurance Specialty Holdings in a research note issued on Tuesday. Langen Mcalenn analyst R. Byrnes now anticipates that the brokerage will post earnings per share of $1.61 for the quarter, up from their previous estimate of $1.34. Langen Mcalenn currently has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Endurance Specialty Holdings’ Q4 2016 earnings at $0.37 EPS and FY2016 earnings at $4.05 EPS.
Several other equities research analysts have also recently weighed in on ENH. Zacks Investment Research cut shares of Endurance Specialty Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 8th. Keefe, Bruyette & Woods upgraded shares of Endurance Specialty Holdings from a “market perform” rating to an “outperform” rating and set a $79.00 price objective for the company in a research report on Monday, July 11th. Finally, Janney Montgomery Scott cut shares of Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $82.00.
Shares of Endurance Specialty Holdings (NYSE:ENH) traded down 0.010% during midday trading on Thursday, reaching $91.801. 546,536 shares of the company’s stock traded hands. Endurance Specialty Holdings has a 12 month low of $57.97 and a 12 month high of $92.18. The stock has a 50 day moving average of $70.78 and a 200-day moving average of $67.17. The stock has a market cap of $6.20 billion, a P/E ratio of 18.874 and a beta of 0.78.
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Endurance Specialty Holdings (NYSE:ENH) last issued its quarterly earnings results on Monday, August 1st. The company reported $1.14 EPS 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 had revenue of $599.61 million for the quarter, compared to analysts’ expectations of $728.83 million. During the same period in the previous year, the firm posted $1.76 EPS. The company’s revenue for the quarter was up 30.9% on a year-over-year basis.
The business also recently declared 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 yield of 1.66%. The ex-dividend date was Wednesday, September 14th. Endurance Specialty Holdings’s payout ratio is 31.60%.
A number of large investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC boosted its stake in Endurance Specialty Holdings by 6.0% in the first quarter. TIAA CREF Investment Management LLC now owns 123,786 shares of the company’s stock worth $8,088,000 after buying an additional 7,025 shares during the last quarter. Teachers Advisors Inc. boosted its stake in Endurance Specialty Holdings by 6.1% in the first quarter. Teachers Advisors Inc. now owns 54,317 shares of the company’s stock worth $3,549,000 after buying an additional 3,113 shares during the last quarter. BlackRock Inc. boosted its stake in Endurance Specialty Holdings by 22.1% in the first quarter. BlackRock Inc. now owns 27,669 shares of the company’s stock worth $1,808,000 after buying an additional 5,000 shares during the last quarter. BlackRock Group LTD boosted its stake in Endurance Specialty Holdings by 23.8% in the first quarter. BlackRock Group LTD now owns 43,213 shares of the company’s stock worth $2,824,000 after buying an additional 8,304 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Endurance Specialty Holdings by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,775,847 shares of the company’s stock worth $116,034,000 after buying an additional 6,263 shares during the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.
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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