Endurance Specialty Holdings Ltd. (ENH)
The Company focuses on underwriting specialty lines of personal and commercial property and casualty insurance and reinsurance on a global basis.
Recs
Recs
mrindependent
(98.84)
Submitted: 7/16/2009 11:12:14 AM :
Start Price:
$31.51
ENH Score:
-0.35
Endurance Specialities is modestly profitable and selling below book value. The company recently experienced an analyst upgrade. It sports an 8 stock scouter rating and should fare will in the near term. If not, I can wait.
Recs
SBNash55
(90.38)
Submitted: 4/22/2009 11:32:44 AM :
Start Price:
$25.55
ENH Score:
+16.47
This is really cheap in terms of PE and Book Value, unless there is a major disaster or unexpected writedown in value of assets this should continue a steady growth in book value and eventually share price.
Recs
GLK2009
(< 20)
Submitted: 4/9/2009 1:47:40 AM :
Start Price:
$29.64
ENH Score:
-3.37
outperforms industry and S&P500,above 50day MA, grow trend, hold
Recs
BMWDriver56
(58.29)
Submitted: 9/27/2008 9:05:15 AM :
Start Price:
$30.15
ENH Score:
+28.74
ENH has been hit along with all the other financial stocks. Their balance sheet continues to be strong, they are buying back shares, and they are paying a 3% dividend. When the financial markets finally settle down this stock should move a lot higher.
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Recs
Dragontoad2
(95.51)
Submitted: 7/6/2008 5:04:39 PM :
Start Price:
$29.71
ENH Score:
+35.72
below book but profitable
Recs
lovesaves
(96.29)
Submitted: 3/11/2008 6:25:55 PM :
Start Price:
$36.16
ENH Score:
-16.58
Found this company under the insurance tag. Sell all property insurance and casualty stocks, or see your portfolio bcome a casualty! Warren Buffett is negative on the sector and that's good enough for me. Financial sector s--t has to work iits way through the whole goose.
Recs
racoveanul
(81.28)
Submitted: 2/29/2008 3:26:21 PM :
Start Price:
$37.04
ENH Score:
-14.80
My target price is for this stock is 31.64
Recs
Recs
Zakrooster
(55.14)
Submitted: 11/16/2007 12:41:33 PM :
Start Price:
$35.51
ENH Score:
+28.15
ENH part of the insurance sector which I believe on a whole is very undervalued. They have good return on their equity currently at 23%. Based on the average of analysts earnings estimates for this stock I valued their Discounted Cash Flow at $60 currently. The analysts forcasts for earnings have been increasing and it is trading at close to it's all time low P/E. ENH is more risky then most stocks due to it's exposure to catastrophe claims but has taken steps to reduce this isssue by diversifying it's lines of coverage. I bought this stock today and I think that due to technical factors it could drop slightly more. Since I will be holding this for the long term I didn't feel compelled to try and time the exact bottom of the price since it is already so undervalued.
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rufianno
(95.64)
Submitted: 8/22/2007 6:31:44 PM :
Start Price:
$36.98
ENH Score:
+22.04
buy and hold
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QualityProspects
(93.55)
Submitted: 8/3/2007 8:28:56 AM :
Start Price:
$34.86
ENH Score:
+26.99
Blew earnings estimates away. In the top tier of the industry for low P/E, low debt ratio, high return on equity, good dividend yield. The fundamentals look good. The biggest problem for shareholders right now is that shorts have tripled their positions over the last few weeks. Typical when a company that trades light starts getting exposure. Will continue to have good long-term returns.
Recs
crosseyeduck
(32.18)
Submitted: 8/2/2007 7:49:55 PM :
Start Price:
$36.75
ENH Score:
+22.65
Look at that P/E. Wow!!
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nickbillfish
(32.14)
Submitted: 7/15/2007 10:31:43 PM :
Start Price:
$38.36
ENH Score:
+21.41
An Insurance and Reinsurance company in one package!!!
Recs
icandeaux
(94.50)
Submitted: 6/27/2007 1:09:14 PM :
Start Price:
$33.39
ENH Score:
+28.76
0n 6/13/2007The company's current 20.2% return on equity far exceeds the industry average of 10.3%. The gross profit margin increased to 37.3% in the first quarter of fiscal 2007 over the year-earlier period and the net profit margin of 22.9% is higher than many of Endurance's peers.
Street.com says possible acquisitions for Super Investor Eddie Lampert: is Endurance Specialty Holdings . Endurance provides large corporations with various forms of insurance, ranging from casualty to third-party liability.
Endurance is a very conservative specialty insurance company that's an investment holding of one of the most knowledgeable insurance company investors around, David Merkel. It's also a favorite of Richard Perry of Perry Capital, an $11 billion hedge fund that generally invests for the long term.
Recs
Patrick6k
(< 20)
Submitted: 6/25/2007 10:51:16 PM :
Start Price:
$36.35
ENH Score:
+25.28
I haven't been too successful with my insurance picks. I'm batting about .500 as I write this pitch, but the value of Endurance Specialty Holdings is too compelling for any value investor to overlook.
The inside ownership isn't what I like to see in my usual CAPS picks, but the business is highly profitable with margins Microsoft would be proud of. It has very little debt, and it sports a healthy dividend for income investors.
The stock is cheap, plain and simple. With a single digit multiple and a PEG near .6, as I write this pitch, it's good enough for my money. I don't care what stock you invest in, the price of the stock is like a rubber band. If earnings go up, inevitably price goes up, and vice versa. This stock is due for the rubber band to snap in the upward direction.
Go Long,
Fool On!!!
Recs
MethodlessMan
(84.32)
Submitted: 5/23/2007 1:19:29 PM :
Start Price:
$36.21
ENH Score:
+26.90
This is a rather impatient pick of mine. I wish I had found it earlier, but it still looks decent.
Recs
PeterGreenspan
(25.81)
Submitted: 5/14/2007 6:18:00 PM :
Start Price:
$35.00
ENH Score:
+29.13
strong buy on etrade, wall street ripoff
Recs
NetscribeInsuran
(< 20)
Submitted: 2/26/2007 7:38:36 AM :
Start Price:
$33.71
ENH Score:
+30.30
Endurance Specialty Holdings Ltd. is a holding company that underwrites specialty lines of personal and commercial property insurance, casualty insurance and reinsurance on a global basis. Its portfolio of specialty lines of business is organized into six segments, with, Property per Risk Treaty Reinsurance segment and Casualty Treaty Reinsurance segment accounting for maximum i.e. around 50% of the business revenues.
For 2006, Endurance Specialty Holdings Ltd's revenues increased less than 1% to $1.90 billion reflecting increased net investment income. Net income totaled to $482.6 million as against a loss of $223.2 million in 2005; improved performance is being attributed to lower loss expenses, decreased acquisition expense and lower amortization of intangibles. The company’s combined ratio for the last year has been 83.2% ensuring underwriting profits with a loss ratio of only 52.2%, as compared with the combined ratio of 123% in 2005 and a loss ratio of an astounding 95%. The company’s performance appears superior to the Reinsurance Association of America’s combined ratio of 94% in 2006.
Earned premiums of the company are expected to advance modestly in 2007, in spite of softening in rates of certain lines of catastrophe-exposed reinsurance. This is because the company is taking huge strides of expanding into other lines of coverage via diversifying its book of business both geographically and by policy type, to reduce its exposure to catastrophe-prone risks. On the other hand, its underwriting margins could come under some pressure, as the impact of easing catastrophe losses is partly offset by a shift in the business mix of the company, which has been shifted towards claims which are more frequent but less severe.
The company’s operating as well as financial performance is worth discussing with operating margins and return on equity of the company being 28% and 19% respectively as against 19% and 14.4% being recorded by the industry. Moreover the future prospects also can be proven by the company’s price to earning that is currently trading at 5.42 multiple compared to the industry’s double-digit figure. This displays a discount to the overall industry average and explains the future potential of the company.
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