Not Following an Endurance Insider

A Form 4 filed with the Securities and Exchange Commission has disclosed that Dragon Global Holdings, a company connected to Endurance Specialty Holdings (ENH) CEO John Charman, purchased about 3,100 shares of Endurance stock on July 11 at an average price of $52.21 per share. Because of Charman's relationship to Dragon Global, this transaction had to be reported as an insider purchase.

Dragon Global now owns close to 510,000 shares of Endurance Specialty, a $2.3 billion market cap company engaged in property and casualty insurance and reinsurance. Insider purchases are often treated as bullish signals for a stock, as insiders are effectively increasing their company-specific risk rather than diversifying their wealth as would normally be expected under economic theory....512 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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