Watford Hldg Ltd (NASDAQ:WTRE) has been assigned a consensus broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokerages have set a twelve-month consensus price objective of $31.25 for the company and are expecting that the company will post $0.71 EPS for the current quarter, according to Zacks. Zacks has also given Watford an industry rank of 52 out of 256 based on the ratings given to its competitors.
WTRE has been the subject of several recent research reports. JMP Securities initiated coverage on Watford in a report on Thursday, May 16th. They set an “outperform” rating and a $33.00 price objective for the company. Keefe, Bruyette & Woods started coverage on Watford in a report on Sunday, May 12th. They set a “market perform” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. started coverage on Watford in a research report on Tuesday, April 23rd. They set a “neutral” rating and a $30.00 target price on the stock. Finally, Barclays started coverage on Watford in a research report on Monday, April 22nd. They set an “equal weight” rating and a $29.00 target price on the stock.
In related news, insider Jon D. Levy bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $24.77 per share, with a total value of $99,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alexandre Scherer bought 1,200 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average cost of $26.27 per share, for a total transaction of $31,524.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 58,846 shares of company stock worth $1,501,952.
Several large investors have recently made changes to their positions in the stock. Blackstone Group L.P. acquired a new stake in Watford during the first quarter worth $1,605,000. JPMorgan Chase & Co. acquired a new stake in Watford during the first quarter worth $1,471,000. First Republic Investment Management Inc. acquired a new stake in Watford during the first quarter worth $334,000. Price Wealth Management Inc. acquired a new stake in Watford during the first quarter worth $334,000. Finally, Element Pointe Advisors LLC acquired a new stake in Watford during the first quarter worth $3,344,000. 1.21% of the stock is currently owned by institutional investors.
Shares of NASDAQ WTRE traded up $0.40 during midday trading on Friday, hitting $27.51. 158,560 shares of the stock traded hands, compared to its average volume of 83,730. Watford has a one year low of $23.70 and a one year high of $28.94.
Watford (NASDAQ:WTRE) last released its quarterly earnings data 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 firm had revenue of $205.04 million during the quarter. On average, equities analysts anticipate that Watford will post 4.28 earnings per share for the current fiscal year.
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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