John Charman (Insider Trades), chairman and CEO of Endurance Specialty Holdings Ltd. (ENH), bought 15,151 shares of the company on Feb. 16. The average price per share was $60.98 for a total transaction cost of $923,908. Endurance Specialty Holdings is a global provider of property and casualty insurance and reinsurance. The company has a market cap of $4.11 billion and a P/S ratio of 1.94.
Insider buys of ENH decreased in number and volume from 2014 to 2015. There were 15 transactions totaling 391,794 shares in 2014 and 10 transactions totaling 265,930 shares in 2015. Insider buy volume increased in the following year, totaling 435,411 shares in the first two months of 2016 alone. Charman purchased 1,088,145 shares of the company in 20 transactions since 2014. Charman’s earliest transaction increased about 49% in value since then. The decrease in insider buys in 2015 correlates to an increase in month-end price throughout that year. 
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The company reported net revenue of $566.078 million in the fourth quarter of 2015, up from a net revenue of $491.324 million in the fourth quarter of 2014. Net income also increased from $76.387 million to $91.401 million, and from $1.36 to $1.71 per share in the same period of time. Annual net income and annual revenue for the company both follow an increasing trendline. 
Endurance also announced the completion of a transaction with Meridian Energy Australia, an environmentally sustainable renewable electricity supply, on its Endurance Global Weather unit. Endurance Global Weather provides financial risk protection geared towards companies that seek to manage wind variability of operating assets and assets in development. Endurance’s board of directors also announced quarterly dividend of 46 cents per 7.50% non-cumulative preferred share, series B share payable to shareholders of record March 1.
According to GuruFocus.com information, Endurance Specialty Holdings Ltd. has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
David Dreman (Trades, Portfolio) reduced his stake in the company by 12.07% in the fourth quarter of 2016. The total estimated gain of Dreman’s holding is 30% since the first quarter of 2012. Paul Tudor Jones (Trades, Portfolio) sold out of ENH, selling 19,800 shares of the company at an average per share price of $64.31. The total estimated gain of the holding since the first quarter of 2014 is 7%. For more information about guru transactions with ENH, click here.
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