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 analysts also recently issued reports about the company. BidaskClub downgraded Watford from a buy rating to a hold rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. reduced their target price on Watford from $22.00 to $18.00 and set a neutral rating for the company in a report on Tuesday, May 5th. Morgan Stanley reduced their target price on Watford from $15.00 to $14.00 and set an equal weight rating for the company in a report on Monday, May 18th. ValuEngine upgraded Watford from a buy rating to a strong-buy rating in a research report on Friday, May 1st. Finally, JMP Securities dropped their price target on Watford from $33.00 to $28.00 and set a market outperform rating on the stock in a research report on Thursday, April 16th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $21.75.
Watford stock opened at $15.83 on Friday. Watford has a fifty-two week low of $10.86 and a fifty-two week high of $28.90. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $302.08 million, a P/E ratio of -1.16 and a beta of 0.59. The stock has a 50-day simple moving average of $15.04 and a 200-day simple moving average of $19.11.
Watford (NASDAQ:WTRE) last posted its earnings results on Monday, May 4th. The company reported ($13.42) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($13.69) by $0.27. Watford had a negative return on equity of 30.56% and a net margin of 8.38%. The business had revenue of ($122.53) million during the quarter. As a group, analysts forecast that Watford will post -11.1 earnings per share for the current year.
In other Watford news, Director Maamoun Rajeh bought 7,500 shares of the company’s stock in a transaction on Monday, May 11th. The shares were bought at an average price of $13.00 per share, for a total transaction of $97,500.00. Following the transaction, the director now owns 60,000 shares of the company’s stock, valued at approximately $780,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert L. Hawley bought 3,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were acquired at an average price of $11.50 per share, for a total transaction of $34,500.00. Following the transaction, the chief financial officer now directly owns 21,078 shares in the company, valued at approximately $242,397. The disclosure for this purchase can be found here. Insiders purchased a total of 16,146 shares of company stock worth $224,658 in the last 90 days. 1.61% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its position in Watford by 16.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,869 shares of the company’s stock worth $86,000 after purchasing an additional 832 shares during the period. Aperio Group LLC acquired a new position in Watford during the 1st quarter worth approximately $224,000. Citigroup Inc. increased its position in Watford by 83.2% during the 1st quarter. Citigroup Inc. now owns 7,145 shares of the company’s stock worth $105,000 after purchasing an additional 3,244 shares during the period. Russell Investments Group Ltd. acquired a new position in Watford during the 1st quarter worth approximately $221,000. Finally, Davis Capital Partners LLC increased its position in Watford by 16.9% during the 1st quarter. Davis Capital Partners LLC now owns 350,660 shares of the company’s stock worth $5,137,000 after purchasing an additional 50,660 shares during the period. Institutional investors own 31.08% 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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