Endurance Specialty Holdings Ltd. (NYSE:ENH)

CAPS Rating: 5 out of 5

The Company focuses on underwriting specialty lines of personal and commercial property and casualty insurance and reinsurance on a global basis.


Player Avatar steprightup (77.98) Submitted: 7/24/2011 5:58:37 PM : Outperform Start Price: $36.88 ENH Score: -2.57

Trading at a deep discount to book value, 30%, the stock price is not exemplifying the true value of the company. A famous investor who followed the approach of purchasing baskets of insurance companies at a discount to book value was Shelby Cullom Davis. With the approach on average being a success, I don’t see why concentrating on a single insurance company of this type to be a bad investment going forward. Management seems to be of a conservative nature and despite my opinion of the interest rates for U.S. Treasuries, the mix of fixed maturity investments is relatively sound.

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