Endurance Specialty Holdings (NYSE:ENH) was downgraded by investment analysts at Janney Montgomery Scott from a "buy" rating to a "neutral" rating in a research report issued on Tuesday, The Fly reports.
Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods set a $80.00 price objective on Endurance Specialty and gave the company a "buy" rating in a research report on Wednesday, August 3. Zacks Investment Research raised Endurance Specialty from a "sell" rating to a "hold" rating in a research report on Tuesday, October 4.
Endurance Specialty traded down 0.22% during mid-day trading on Tuesday, hitting $91.75. The company had a trading volume of 2,407,555 shares. The firm's 50-day moving average is $69.27 and its 200-day moving average is $66.81. Endurance Specialty has a 52-week low of $57.97 and a 52-week high of $92.18. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 18.86 and a beta of 0.78.
Endurance Specialty last posted its quarterly earnings data on Monday, August 1. The company reported $1.14 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.11 by $0.03. Endurance Specialty had a return on equity of 6.29% and a net margin of 14.86%. The company earned $599.61 million during the quarter, compared to analyst estimates of $728.83 million. During the same quarter last year, the company earned $1.76 EPS. The firm's revenue for the quarter was up 30.9% on a year-over-year basis. On average, equities research analysts predict that Endurance Specialty Holdings will post $5.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30. Shareholders of record on Friday, September 16 were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, September 14. Endurance Specialty Holdings's payout ratio is 31.60%.
Hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its stake in Endurance Specialty by 3.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 21,342 shares of the company's stock worth $1,397,000 after buying an additional 760 shares during the last quarter. Nadler Financial Group Inc. acquired a new stake in Endurance Specialty Holdings during the third quarter worth approximately $250,000. Mason Street Advisors LLC acquired a new stake in Endurance Specialty during the second quarter worth approximately $1,898,000. Royal Bank of Canada raised its stake in Endurance Specialty by 15.1% in the second quarter. Royal Bank Of Canada (NYSE:RY) now owns 256,660 shares of the company's stock worth $17,237,000 after buying an additional 33,749 shares during the last quarter. Finally, Charles Schwab (NYSE:SCHW) Investment Management raised its stake in Endurance Specialty by 2.8% in the second quarter. Schwab now owns 274,850 shares of the company's stock worth $18,459,000 after buying an additional 7,362 shares during the last quarter. 87.82% of the stock is owned by institutional investors and hedge funds.
Endurance Specialty Holdings Company Profile
Endurance Specialty Holdings 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.
