Louisiana State Employees Retirement System decreased its stake in shares of Endurance Specialty Holdings Ltd. (NYSE:ENH) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,500 shares of the company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Endurance Specialty Holdings were worth $1,108,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the stock. 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 worth $95,278,000 after buying an additional 660,642 shares during the last quarter. Norges Bank bought a new position in Endurance Specialty Holdings during the fourth quarter worth about $38,789,000. Hancock Holding Co. bought a new position in Endurance Specialty Holdings during the first quarter worth about $13,056,000. Foundry Partners LLC bought a new position in Endurance Specialty Holdings during the second quarter worth about $11,447,000. Finally, Jacobs Levy Equity Management Inc. increased its position in 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 worth $4,869,000 after buying an additional 63,400 shares during the last quarter. 87.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Endurance Specialty Holdings Ltd. (NYSE:ENH) traded down 0.24% during midday trading on Friday, reaching $65.45. 339,982 shares of the company’s stock were exchanged. Endurance Specialty Holdings Ltd. has a 12-month low of $57.97 and a 12-month high of $69.72. The stock’s 50 day moving average price is $65.61 and its 200 day moving average price is $65.84. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 13.46 and a beta of 0.78.
Endurance Specialty Holdings (NYSE:ENH) last issued its quarterly earnings data on Monday, August 1st. The company reported $1.14 EPS for the quarter, topping 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 business earned $599.61 million during the quarter, compared to analysts’ expectations of $728.83 million. During the same period last year, the company posted $1.76 EPS. The business’s revenue was up 30.9% on a year-over-year basis. Equities analysts anticipate that Endurance Specialty Holdings Ltd. will post $5.41 earnings per share for the current fiscal 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 dividend yield of 2.32%. Endurance Specialty Holdings’s dividend payout ratio is presently 31.60%.
ENH has been the subject of a number of research reports. Keefe, Bruyette & Woods raised shares of Endurance Specialty Holdings from a “market perform” rating to an “outperform” rating and set a $79.00 price target for the company in a research note on Monday, July 11th. Zacks Investment Research downgraded shares of Endurance Specialty Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 8th.
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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