According to Zacks, “Watford Holdings Ltd. is a property and casualty insurance and reinsurance company. It operates primarily in Bermuda, the United States and Europe. The company combines a diversified, casualty-focused underwriting portfolio, accessed through a renewable strategic underwriting management relationship with Arch Capital Group Ltd. Watford Holdings Ltd. is based in Pembroke, Bermuda. “
Other equities research analysts have also recently issued research reports about the company. JMP Securities started coverage on Watford in a report on Thursday, May 16th. They set an outperform rating and a $33.00 price target on the stock. Keefe, Bruyette & Woods assumed coverage on Watford in a research report on Sunday, May 12th. They issued a market perform rating and a $25.00 target price on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Watford currently has a consensus rating of Hold and a consensus price target of $29.20.
WTRE stock opened at $25.88 on Friday. Watford has a 1 year low of $18.75 and a 1 year high of $28.99. The company has a fifty day moving average of $23.13.
Watford (NASDAQ:WTRE) last released its quarterly earnings data on Monday, July 29th. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.30). The company had revenue of $175.78 million for the quarter. On average, equities research analysts anticipate that Watford will post 3.84 EPS for the current fiscal year.
In other news, CEO John F. Rathgeber acquired 2,500 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $20.01 per share, with a total value of $50,025.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas Miller acquired 4,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $19.95 per share, with a total value of $79,800.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 59,700 shares of company stock worth $1,184,930 over the last 90 days.
Large investors have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. acquired a new stake in Watford in the 1st quarter valued at about $334,000. Strs Ohio acquired a new position in Watford in the second quarter worth approximately $148,000. BNP Paribas Arbitrage SA acquired a new position in Watford in the second quarter worth approximately $27,000. Wells Fargo & Company MN acquired a new position in Watford in the second quarter worth approximately $321,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Watford by 762.0% in the second quarter. JPMorgan Chase & Co. now owns 474,114 shares of the company’s stock valued at $12,976,000 after buying an additional 419,114 shares in the last quarter. 12.35% of the stock is currently owned by hedge funds and other institutional investors.
Watford Company Profile
Watford Holdings Ltd., together with its subsidiaries, operates as a property, casualty, and mortgage insurance and reinsurance company worldwide. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.
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