Endurance Specialty Holdings Ltd. (ENH) Stock Rating Lowered by Macquarie
Endurance Specialty Holdings Ltd. (NYSE:ENH) was downgraded by Macquarie from an “outperform” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.
Other equities research analysts have also issued research reports about the company. Keefe, Bruyette & Woods set a $80.00 target price on Endurance Specialty Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research raised Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Langen Mcalenn lowered Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 11th. Finally, Janney Montgomery Scott lowered Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 11th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $82.00.
Endurance Specialty Holdings (NYSE:ENH) opened at 91.88 on Wednesday. The firm has a market capitalization of $6.21 billion, a P/E ratio of 18.89 and a beta of 0.78. Endurance Specialty Holdings has a one year low of $57.97 and a one year high of $92.18. The firm has a 50-day moving average price of $73.80 and a 200-day moving average price of $67.94.
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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 return on equity of 6.29% and a net margin of 14.86%. The business had revenue of $599.61 million for the quarter, compared to analyst estimates of $728.83 million. During the same quarter last year, the company earned $1.76 EPS. The business’s quarterly revenue was up 30.9% on a year-over-year basis. Equities analysts anticipate that Endurance Specialty Holdings will post $5.41 earnings per share for the current year.
The company also recently declared 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. 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 1.65%. Endurance Specialty Holdings’s dividend payout ratio is presently 31.60%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CenturyLink Investment Management Co increased its position in Endurance Specialty Holdings by 98.4% in the third quarter. CenturyLink Investment Management Co now owns 10,663 shares of the company’s stock worth $698,000 after buying an additional 5,288 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Endurance Specialty Holdings by 3.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 21,342 shares of the company’s stock valued at $1,397,000 after buying an additional 760 shares during the period. Nadler Financial Group Inc. bought a new position in shares of Endurance Specialty Holdings during the third quarter valued at $250,000. Mason Street Advisors LLC bought a new position in shares of Endurance Specialty Holdings during the second quarter valued at $1,898,000. Finally, Royal Bank of Canada increased its position in shares of Endurance Specialty Holdings by 15.1% in the second quarter. Royal Bank of Canada now owns 256,660 shares of the company’s stock valued at $17,237,000 after buying an additional 33,749 shares during the period. Hedge funds and other institutional investors own 87.73% 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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