The IBM Retirement Fund Cuts Position in Endurance Specialty Holdings Ltd (ENH)

The IBM Retirement Fund Cuts Position in Endurance Specialty Holdings Ltd (ENH)

IBM Retirement Fund decreased its position in shares of Endurance Specialty Holdings Ltd (NYSE:ENH) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,119 shares of the company’s stock after selling 336 shares during the period. IBM Retirement Fund’s holdings in Endurance Specialty Holdings were worth $400,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ENH. Advisor Group Inc. bought a new stake in shares of Endurance Specialty Holdings during the second quarter valued at $105,000. State of Alaska Department of Revenue increased its stake in shares of Endurance Specialty Holdings by 7.6% in the third quarter. State of Alaska Department of Revenue now owns 1,922 shares of the company’s stock valued at $125,000 after buying an additional 135 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Endurance Specialty Holdings by 20.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,764 shares of the company’s stock valued at $186,000 after buying an additional 460 shares during the last quarter. FDx Advisors Inc. bought a new stake in shares of Endurance Specialty Holdings during the second quarter valued at $246,000. Finally, Nadler Financial Group Inc. bought a new stake in shares of Endurance Specialty Holdings during the third quarter valued at $250,000. 87.33% of the stock is owned by hedge funds and other institutional investors.

Shares of Endurance Specialty Holdings Ltd (NYSE:ENH) traded up 0.04% during mid-day trading on Wednesday, reaching $92.72. The company’s stock had a trading volume of 404,548 shares. The stock has a market capitalization of $6.27 billion, a P/E ratio of 15.44 and a beta of 0.52. The company has a 50 day moving average price of $92.43 and a 200 day moving average price of $79.98. Endurance Specialty Holdings Ltd has a 12 month low of $57.97 and a 12 month high of $92.78.

Endurance Specialty Holdings (NYSE:ENH) last announced its quarterly earnings data on Friday, November 4th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by $0.19. Endurance Specialty Holdings had a return on equity of 7.10% and a net margin of 17.54%. The firm had revenue of $610.16 million for the quarter, compared to analysts’ expectations of $422.30 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. Endurance Specialty Holdings’s revenue was up 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Endurance Specialty Holdings Ltd will post $4.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Wednesday, December 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, December 12th. This represents a $1.52 annualized dividend and a yield of 1.64%. Endurance Specialty Holdings’s dividend payout ratio (DPR) is currently 25.33%.

ENH has been the subject of several analyst reports. Zacks Investment Research raised Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Keefe, Bruyette & Woods downgraded Endurance Specialty Holdings from an “outperform” rating to a “market perform” rating and increased their price target for the company from $80.00 to $93.00 in a report on Friday, October 7th. Janney Montgomery Scott downgraded Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, October 11th. Langen Mcalenn downgraded Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, October 11th. Finally, Macquarie downgraded Endurance Specialty Holdings from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 19th. Six investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $98.00.

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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