Endurance Specialty Holdings Ltd. (NYSE:ENH) – Equities research analysts at Langen Mcalenn decreased their Q3 2017 earnings per share (EPS) estimates for shares of Endurance Specialty Holdings in a note issued to investors on Tuesday. Langen Mcalenn analyst R. Byrnes now expects that the brokerage will earn $1.32 per share for the quarter, down from their previous forecast of $1.33. Langen Mcalenn has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Endurance Specialty Holdings’ Q4 2017 earnings at $1.95 EPS.
ENH has been the subject of several other research reports. Keefe, Bruyette & Woods lowered shares of Endurance Specialty Holdings from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $80.00 to $93.00 in a research report on Friday, October 7th. Zacks Investment Research upgraded shares of Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. 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 equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $82.00.
Shares of Endurance Specialty Holdings (NYSE:ENH) traded down 0.03% during midday trading on Wednesday, hitting $91.78. 1,826,638 shares of the stock were exchanged. The stock has a market cap of $6.20 billion, a P/E ratio of 18.87 and a beta of 0.78. Endurance Specialty Holdings has a 12 month low of $57.97 and a 12 month high of $92.18. The firm has a 50 day moving average of $70.78 and a 200-day moving average of $67.17.
Endurance Specialty Holdings (NYSE:ENH) last announced its earnings results on Monday, August 1st. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. The firm had revenue of $599.61 million for the quarter, compared to analyst estimates of $728.83 million. Endurance Specialty Holdings had a net margin of 14.86% and a return on equity of 6.29%. The company’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 EPS.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, September 14th. Endurance Specialty Holdings’s dividend payout ratio is currently 31.60%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Hancock Holding Co. bought a new position in Endurance Specialty Holdings during the first quarter valued at approximately $13,056,000. Geode Capital Management LLC increased its position in Endurance Specialty Holdings by 1.3% in the first quarter. Geode Capital Management LLC now owns 429,264 shares of the company’s stock valued at $28,047,000 after buying an additional 5,335 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Endurance Specialty Holdings by 82.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,458,181 shares of the company’s stock valued at $95,278,000 after buying an additional 660,642 shares in the last quarter. Meeder Asset Management Inc. increased its position in Endurance Specialty Holdings by 633.0% in the first quarter. Meeder Asset Management Inc. now owns 11,962 shares of the company’s stock valued at $781,000 after buying an additional 10,330 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its position in Endurance Specialty Holdings by 49.0% in the first quarter. Rafferty Asset Management LLC now owns 8,210 shares of the company’s stock valued at $536,000 after buying an additional 2,699 shares in the last quarter. 87.82% of the stock is currently owned by institutional investors.
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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