Price Action To Observe: Endurance Specialty Holdings Ltd. Stock Price Hits Record High Today

Price Action To Observe: Endurance Specialty Holdings Ltd. Stock Price Hits Record High Today

The stock of Endurance Specialty Holdings Ltd. (NYSE:ENH) reached all time high today, Oct, 5 and still has $117.40 target or 28.00% above today’s $91.72 share price. This indicates more upside for the $8.38 billion company. This technical setup was reported by Barchart.com. If the $117.40 PT is reached, the company will be worth $2.35B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 12.28M shares traded hands or 2422.18% up from the average. Endurance Specialty Holdings Ltd. (NYSE:ENH) has risen 36.64% since March 2, 2016 and is uptrending. It has outperformed by 28.38% the S&P500.

Analysts await Endurance Specialty Holdings Ltd. (NYSE:ENH) to report earnings on November, 7. They expect $1.63 EPS, up 103.75% or $0.83 from last year’s $0.8 per share. ENH’s profit will be $148.92M for 14.07 P/E if the $1.63 EPS becomes a reality. After $0.81 actual EPS reported by Endurance Specialty Holdings Ltd. for the previous quarter, Wall Street now forecasts 101.23% EPS growth.

Endurance Specialty Holdings Ltd. (NYSE:ENH) Ratings Coverage

Out of 3 analysts covering Endurance Specialty Holding (NYSE:ENH), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Endurance Specialty Holding has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Wood on Monday, July 11.

According to Zacks Investment Research, “Endurance Specialty Holdings Ltd., through its wholly owned operating subsidiaries, is a global provider of property and casualty insurance and reinsurance. Through these subsidiaries, Endurance currently writes property per risk treaty reinsurance, property catastrophe reinsurance, casualty treaty reinsurance, property individual risks, casualty individual risks and other specialty lines. Endurance’s operating subsidiaries have been assigned a group rating of A- (Excellent) from A.M. Best, and headquarters are in Bermuda.”

Insitutional Activity: The institutional sentiment increased to 1.28 in Q2 2016. Its up 0.18, from 1.1 in 2016Q1. The ratio increased, as 27 funds sold all Endurance Specialty Holdings Ltd. shares owned while 81 reduced positions. 30 funds bought stakes while 108 increased positions. They now own 56.33 million shares or 0.78% less from 56.78 million shares in 2016Q1.
Amp Cap holds 10,400 shares or 0% of its portfolio. Bragg Financial Advsr Inc has 0.54% invested in the company for 44,325 shares. Hsbc Public Limited Liability accumulated 0% or 4,172 shares. Pzena Management Ltd last reported 803,625 shares in the company. Morgan Stanley has 0% invested in the company for 121,687 shares. The California-based Schwab Charles has invested 0.02% in Endurance Specialty Holdings Ltd. (NYSE:ENH). Ifrah Fincl Services Inc holds 4,324 shares or 0.12% of its portfolio. Bokf Na holds 0.02% of its portfolio in Endurance Specialty Holdings Ltd. (NYSE:ENH) for 10,502 shares. Stifel Financial owns 10,002 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement Systems accumulated 0.02% or 82,378 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt accumulated 0.01% or 11,929 shares. Rothschild Asset, a New York-based fund reported 67,203 shares. Cubist Systematic Strategies Ltd Liability Corporation reported 11,719 shares or 0.05% of all its holdings. Teachers Advisors last reported 61,059 shares in the company. Teacher Retirement Of Texas holds 0% of its portfolio in Endurance Specialty Holdings Ltd. (NYSE:ENH) for 8,841 shares.

Insider Transactions: Since May 31, 2016, the stock had 3 insider buys, and 0 insider sales for $10.86 million net activity. Shares for $2,603 were bought by BAILY JOHN THOMAS on Thursday, June 30. On Tuesday, May 31 the insider CHARMAN JOHN bought $10.86M.

More notable recent Endurance Specialty Holdings Ltd. (NYSE:ENH) news were published by: Insurancejournal.com which released: “Aspen Shareholders Should Rebuff Endurance Board Plan, ISS Says” on July 14, 2014, also Reuters.com with their article: “Insurer Sompo to buy Endurance Specialty for $6.3 billion” published on October 04, 2016, Fool.com published: “Endurance Specialty Holdings Ltd. Reports Big Premiums Growth From Montpelier …” on August 02, 2016. More interesting news about Endurance Specialty Holdings Ltd. (NYSE:ENH) were released by: Reuters.com and their article: “Japan’s Sompo to buy Endurance Specialty for about $6.5 bln -sour…” published on October 04, 2016 as well as Nasdaq.com‘s news article titled: “Endurance Specialty Holdings Ltd. to Release Third Quarter 2016 Financial …” with publication date: September 06, 2016.

ENH Company Profile

Endurance Specialty Holdings Ltd., incorporated on June 27, 2002, 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. The Firm operates through two divisions: Insurance and Reinsurance. In the Insurance segment, the Company writes agriculture, casualty and other specialty, professional lines and property, marine/energy and aviation insurance. In the Reinsurance segment, the Company writes catastrophe, property, casualty, professional lines, and specialty reinsurance. The Company’s Insurance and Reinsurance divisions both include property-related coverages, which provide insurance or reinsurance of an insurable interest in tangible property for property loss, damage or loss of use. In addition, the Company’s Insurance and Reinsurance divisions include various casualty insurance and reinsurance coverages, which are concerned with the losses caused by injuries to third parties.

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