The stock of Endurance Specialty Holdings Ltd. (NYSE:ENH) hit a new 52-week high and has $150.21 target or 64.00% above today’s $91.59 share price. The 8 months bullish chart indicates low risk for the $8.37B company. The 1-year high was reported on Oct, 5 by Barchart.com. If the $150.21 price target is reached, the company will be worth $5.36 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 8.92 million shares traded hands or 1732.07% 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 earnings per share, up 103.75% or $0.83 from last year’s $0.8 per share. ENH’s profit will be $148.96M for 14.05 P/E if the $1.63 EPS becomes a reality. After $0.81 actual earnings per share 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 firm has “Outperform” rating by Wood given 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.
Diversified owns 12,155 shares or 0.09% of their US portfolio. The California-based Analytic Invsts Lc has invested 0.44% in Endurance Specialty Holdings Ltd. (NYSE:ENH). United Fire Grp Inc last reported 4,336 shares in the company. Macquarie Ltd holds 29,300 shares or 0% of its portfolio. Point72 Asia (Hong Kong) Ltd has 0.06% invested in the company for 800 shares. Price T Rowe Associate Inc Md has invested 0% of its portfolio in Endurance Specialty Holdings Ltd. (NYSE:ENH). The United Kingdom-based Cantab Capital Partners Limited Liability Partnership has invested 0% in Endurance Specialty Holdings Ltd. (NYSE:ENH). Moreover, Blackrock Inv Limited Liability Corporation has 0.02% invested in Endurance Specialty Holdings Ltd. (NYSE:ENH) for 183,685 shares. Louisiana State Employees Retirement Sys accumulated 16,500 shares or 0.06% of the stock. Panagora Asset Mgmt Inc last reported 2,600 shares in the company. Dimensional Fund Advsrs Limited Partnership last reported 0.18% of its portfolio in the stock. Sei Invs Company accumulated 0.03% or 74,290 shares. Wedge Mngmt L Limited Partnership Nc reported 1.98M shares or 1.38% of all its holdings. M&R Mgmt holds 236 shares or 0% of its portfolio. Heartland Advisors Inc, a Wisconsin-based fund reported 143,679 shares.
Insider Transactions: Since May 31, 2016, the stock had 3 buys, and 0 sales for $10.86 million net activity. CHARMAN JOHN also bought $10.86M worth of Endurance Specialty Holdings Ltd. (NYSE:ENH) shares. On Friday, September 30 the insider BAILY JOHN THOMAS bought $2,599.
More notable recent Endurance Specialty Holdings Ltd. (NYSE:ENH) news were published by: Reuters.com which released: “Insurer Sompo to buy Endurance Specialty for $6.3 billion” on October 04, 2016, also Fool.com with their article: “Endurance Specialty Holdings Ltd. Reports Big Premiums Growth From Montpelier …” published on August 02, 2016, Reuters.com published: “Japan’s Sompo to buy Endurance Specialty for about $6.5 bln -sour…” on October 04, 2016. More interesting news about Endurance Specialty Holdings Ltd. (NYSE:ENH) were released by: Nasdaq.com and their article: “Endurance Specialty Holdings Ltd. to Release Third Quarter 2016 Financial …” published on September 06, 2016 as well as Reuters.com‘s news article titled: “BRIEF-SOMPO Holdings to fully acquire Endurance Specialty Holdings at 639….” with publication date: October 05, 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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