Watford (WTRE) Research Coverage Started at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods started coverage on shares of Watford (NASDAQ:WTRE) in a report published on Sunday, BenzingaRatingsTable reports. The firm issued a market perform rating and a $25.00 price objective on the stock.

WTRE has been the topic of several other reports. Barclays assumed coverage on shares of Watford in a research note on Monday, April 22nd. They issued an equal weight rating and a $29.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Watford in a research note on Tuesday, April 23rd. They issued a neutral rating and a $30.00 price target on the stock.

WTRE stock opened at $25.98 on Friday. Watford has a 52 week low of $23.70 and a 52 week high of $28.94.



Watford (NASDAQ:WTRE) last released its quarterly earnings results on Tuesday, April 30th. The company reported $2.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.72 by ($1.62). The company had revenue of $205.04 million for the quarter. As a group, equities research analysts expect that Watford will post 4.28 EPS for the current year.

In other news, Director Nicolas Papadopoulo acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $24.95 per share, with a total value of $499,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alexandre Scherer acquired 1,200 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $26.27 per share, with a total value of $31,524.00. The disclosure for this purchase can be found here. Insiders have purchased 49,200 shares of company stock valued at $1,253,704 in the last ninety days.

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Republic Investment Management Inc. bought a new stake in Watford during the first quarter worth about $334,000. Price Wealth Management Inc. bought a new stake in Watford during the first quarter worth about $334,000. JPMorgan Chase & Co. bought a new stake in Watford during the first quarter worth about $1,471,000. Blackstone Group L.P. bought a new stake in Watford during the first quarter worth about $1,605,000. Finally, Element Pointe Advisors LLC bought a new stake in Watford during the first quarter worth about $3,344,000. 0.94% of the stock is owned by institutional investors and hedge funds.

About Watford

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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