Alpine Associates Management Inc. purchased a new position in Endurance Specialty Holdings Ltd (NYSE:ENH) during the fourth quarter, Holdings Channel reports. The fund purchased 1,571,800 shares of the company’s stock, valued at approximately $145,234,000. Endurance Specialty Holdings makes up 3.8% of Alpine Associates Management Inc.’s investment portfolio, making the stock its 8th largest position. Alpine Associates Management Inc. owned approximately 2.33% of Endurance Specialty Holdings as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of Endurance Specialty Holdings by 119.0% in the third quarter. Victory Capital Management Inc. now owns 1,489,157 shares of the company’s stock worth $97,465,000 after buying an additional 809,282 shares in the last quarter. Vivaldi Asset Management LLC purchased a new position in shares of Endurance Specialty Holdings during the fourth quarter worth $40,994,000. Gabelli Funds LLC purchased a new position in shares of Endurance Specialty Holdings during the fourth quarter worth $39,176,000. Citadel Advisors LLC boosted its position in shares of Endurance Specialty Holdings by 144.7% in the third quarter. Citadel Advisors LLC now owns 340,764 shares of the company’s stock worth $22,303,000 after buying an additional 201,529 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Endurance Specialty Holdings during the fourth quarter worth $17,006,000. 82.67% of the stock is currently owned by institutional investors.
Shares of Endurance Specialty Holdings Ltd (NYSE:ENH) remained flat at $92.75 during midday trading on Tuesday. 395,054 shares of the company’s stock were exchanged. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 15.45 and a beta of 0.56. Endurance Specialty Holdings Ltd has a one year low of $60.40 and a one year high of $93.10. The firm’s 50-day moving average price is $92.65 and its 200 day moving average price is $83.40.
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Several research firms recently commented on ENH. Zacks Investment Research raised shares of Endurance Specialty Holdings from a “sell” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Tuesday, December 13th. Macquarie cut shares of Endurance Specialty Holdings from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 19th. Six investment analysts have rated the stock with a hold rating, Endurance Specialty Holdings has an average rating of “Hold” and an average 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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