Endurance Specialty Holdings Ltd. (ENH): Hedge Funds Are Bearish and Insiders Are Undecided, What Should You Do?

Page 1 of 2

Should Endurance Specialty Holdings Ltd. (NYSE:ENH) investors track the following data?

In the financial world, there are many metrics investors can use to watch stocks. A pair of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best money managers can trounce their index-focused peers by a healthy margin (see just how much).

Just as useful, positive insider trading activity is another way to analyze the stock market universe. There are lots of reasons for an insider to downsize shares of his or her company, but only one, very clear reason why they would buy. Many empirical studies have demonstrated the useful potential of this tactic if you know where to look (learn more here).

Furthermore, let’s analyze the newest info about Endurance Specialty Holdings Ltd. (NYSE:ENH).

How are hedge funds trading Endurance Specialty Holdings Ltd. (NYSE:ENH)?

In preparation for the third quarter, a total of 10 of the hedge funds we track held long positions in this stock, a change of -17% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of key hedge fund managers who were upping their stakes meaningfully.

Endurance Specialty Holdings Ltd. (NYSE:ENH)When using filings from the hedgies we track, David Dreman’s Dreman Value Management had the largest position in Endurance Specialty Holdings Ltd. (NYSE:ENH), worth close to $24 million, comprising 0.7% of its total 13F portfolio. On Dreman Value Management’s heels is Diamond Hill Capital, managed by Ric Dillon, which held a $23.9 million position; 0.3% of its 13F portfolio is allocated to the stock. Other hedgies with similar optimism include Cliff Asness’s AQR Capital Management, Bruce Silver’s Silver Capital Management LLC and Ken Griffin’s Citadel Investment Group.

As Endurance Specialty Holdings Ltd. (NYSE:ENH) has faced dropping sentiment from the top-tier hedge fund industry, it’s easy to see that there was a specific group of hedgies who sold off their full holdings in Q1. It’s worth mentioning that Brian Taylor’s Pine River Capital Management cut the biggest position of the “upper crust” of funds we key on, worth about $8.1 million in stock, and Israel Englander of Millennium Management was right behind this move, as the fund said goodbye to about $7.1 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest dropped by 2 funds in Q1.

How have insiders been trading Endurance Specialty Holdings Ltd. (NYSE:ENH)?

Bullish insider trading is particularly usable when the primary stock in question has seen transactions within the past 180 days. Over the last 180-day time period, Endurance Specialty Holdings Ltd. (NYSE:ENH) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Endurance Specialty Holdings Ltd. (NYSE:ENH). These stocks are Kemper Corporation (NYSE:KMPR), The Hanover Insurance Group, Inc. (NYSE:THG), MBIA Inc. (NYSE:MBI), Mercury General Corporation (NYSE:MCY), and Enstar Group Ltd. (NASDAQ:ESGR). All of these stocks are in the property & casualty insurance industry and their market caps are similar to ENH’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!