Brokerages Set Endurance Specialty Holdings Ltd (ENH) Price Target at $93.00

Brokerages Set Endurance Specialty Holdings Ltd (ENH) Price Target at $93.00

Shares of Endurance Specialty Holdings Ltd (NYSE:ENH) have received an average rating of “Hold” from the six research firms that are covering the stock. Six research analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $93.00.

Several equities research analysts have recently commented on ENH shares. Zacks Investment Research raised Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, November 23rd. Macquarie cut Endurance Specialty Holdings from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 19th. Langen Mcalenn cut Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 11th. Keefe, Bruyette & Woods cut Endurance Specialty Holdings from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $80.00 to $93.00 in a research note on Friday, October 7th. Finally, Janney Montgomery Scott cut Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 11th.

Several large investors have recently made changes to their positions in ENH. Advisor Group Inc. bought a new stake in shares of Endurance Specialty Holdings during the second quarter worth approximately $105,000. State of Alaska Department of Revenue boosted 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 worth $125,000 after buying an additional 135 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Endurance Specialty Holdings by 13.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the company’s stock worth $128,000 after buying an additional 228 shares during the period. Crow Point Partners LLC bought a new stake in shares of Endurance Specialty Holdings during the third quarter worth approximately $174,000. Finally, PNC Financial Services Group Inc. boosted 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 worth $186,000 after buying an additional 460 shares during the period. 87.67% of the stock is owned by institutional investors and hedge funds.

Shares of Endurance Specialty Holdings (NYSE:ENH) opened at 92.75 on Friday. The stock has a market capitalization of $6.27 billion, a P/E ratio of 15.45 and a beta of 0.52. Endurance Specialty Holdings has a 52 week low of $57.97 and a 52 week high of $93.10. The company has a 50-day moving average price of $92.54 and a 200 day moving average price of $81.19.

Endurance Specialty Holdings (NYSE:ENH) last released its earnings results on Friday, November 4th. The company reported $1.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by $0.19. The firm earned $610.16 million during the quarter, compared to analyst estimates of $422.30 million. Endurance Specialty Holdings had a net margin of 17.54% and a return on equity of 7.10%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $0.80 earnings per share. Analysts forecast that Endurance Specialty Holdings will post $4.83 earnings per share for the current fiscal year.

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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