According to Zacks, “Endurance Specialty Holdings Ltd., through its wholly owned operating subsidiaries, is a global provider of property and casualty insurance and reinsurance. Through these subsidiaries, Endurance currently writes property per risk treaty reinsurance, property catastrophe reinsurance, casualty treaty reinsurance, property individual risks, casualty individual risks and other specialty lines. Endurance’s operating subsidiaries have been assigned a group rating of A- (Excellent) from A.M. Best, and headquarters are in Bermuda. “
Separately, Keefe, Bruyette & Woods set a $80.00 price objective on shares of Endurance Specialty Holdings and gave the stock a buy rating in a research report on Wednesday, August 3rd.
Shares of Endurance Specialty Holdings (NYSE:ENH) opened at 91.75 on Tuesday. The stock 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 12-month low of $57.97 and a 12-month high of $91.87. The stock has a 50 day moving average price of $68.51 and a 200-day moving average price of $66.59.
Endurance Specialty Holdings (NYSE:ENH) last posted its earnings results on Monday, August 1st. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 earned $599.61 million during the quarter, compared to analysts’ expectations of $728.83 million. During the same quarter in the previous year, the company posted $1.76 earnings per share. Endurance Specialty Holdings’s quarterly revenue was up 30.9% compared to the same quarter last year. Equities analysts anticipate that Endurance Specialty Holdings will post $5.41 EPS for the current fiscal 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 dividend of $0.38 per share. 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 dividend payout ratio is presently 31.60%.
Hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Endurance Specialty Holdings during the fourth quarter worth approximately $38,789,000. Virginia Retirement System purchased a new position in shares of Endurance Specialty Holdings during the first quarter valued at about $1,622,000. TIAA CREF Investment Management LLC raised its position in shares of 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 valued at $8,088,000 after buying an additional 7,025 shares during the period. Teachers Advisors Inc. raised its position in shares of Endurance Specialty Holdings by 6.1% in the first quarter. Teachers Advisors Inc. now owns 54,317 shares of the company’s stock valued at $3,549,000 after buying an additional 3,113 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Endurance Specialty Holdings by 7.3% in the first quarter. Prudential Financial Inc. now owns 564,184 shares of the company’s stock valued at $36,863,000 after buying an additional 38,370 shares during the period. 87.82% of the stock is owned by hedge funds and other institutional investors.
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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