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. “
Several other brokerages have also recently commented on WTRE. Keefe, Bruyette & Woods started coverage on Watford in a research report on Sunday, May 12th. They issued a market perform rating and a $25.00 target price for the company. JMP Securities started coverage on shares of Watford in a research note on Thursday, May 16th. They issued an outperform rating and a $33.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $29.20.
Watford (NASDAQ:WTRE) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.30). The firm had revenue of $175.78 million during the quarter. On average, equities analysts anticipate that Watford will post 3.84 EPS for the current fiscal year.
In other news, CEO John F. Rathgeber bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average price of $20.12 per share, for a total transaction of $503,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jon D. Levy purchased 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average cost of $20.99 per share, with a total value of $31,485.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 59,700 shares of company stock valued at $1,184,930 in the last 90 days.
Large investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA bought a new stake in Watford during the second quarter worth about $27,000. Bank of Montreal Can bought a new stake in shares of Watford during the second quarter worth $46,000. Strs Ohio bought a new stake in shares of Watford during the second quarter worth $148,000. Susquehanna International Group LLP acquired a new stake in shares of Watford in the second quarter valued at $201,000. Finally, Captrust Financial Advisors bought a new position in shares of Watford in the second quarter valued at about $274,000. Hedge funds and other institutional investors own 12.35% of the company’s stock.
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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