Watford Hldg Ltd (WTRE) CEO Alexandre Scherer Buys 2,800 Shares

Watford Hldg Ltd (NASDAQ:WTRE) CEO Alexandre Scherer acquired 2,800 shares of Watford stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average price of $25.80 per share, with a total value of $72,240.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alexandre Scherer also recently made the following trade(s):

  • On Friday, May 3rd, Alexandre Scherer acquired 1,200 shares of Watford stock. The shares were acquired at an average price of $26.27 per share, with a total value of $31,524.00.

Shares of NASDAQ:WTRE opened at $25.85 on Thursday. Watford Hldg Ltd has a 52-week low of $23.70 and a 52-week high of $28.94.

Watford (NASDAQ:WTRE) last issued its earnings results on Tuesday, April 30th. The company reported $2.10 earnings per share (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, sell-side analysts expect that Watford Hldg Ltd will post 4.28 EPS for the current fiscal year.

WTRE has been the subject of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Watford in a research note on Tuesday, April 23rd. They set a “neutral” rating and a $30.00 price objective for the company. Barclays initiated coverage on shares of Watford in a research note on Monday, April 22nd. They set an “equal weight” rating and a $29.00 price objective for the company. Keefe, Bruyette & Woods initiated coverage on shares of Watford in a research note on Sunday. They set a “market perform” rating and a $25.00 price objective for the company. Finally, JMP Securities assumed coverage on shares of Watford in a research note on Thursday. They set an “outperform” rating for the company.

A number of large investors have recently modified their holdings of the stock. Element Pointe Advisors LLC acquired a new stake in Watford during the first quarter worth approximately $3,344,000. Blackstone Group L.P. acquired a new stake in Watford during the first quarter worth approximately $1,605,000. JPMorgan Chase & Co. acquired a new stake in Watford during the first quarter worth approximately $1,471,000. First Republic Investment Management Inc. acquired a new stake in Watford during the first quarter worth approximately $334,000. Finally, Price Wealth Management Inc. acquired a new stake in Watford during the first quarter worth approximately $334,000. Institutional investors and hedge funds own 0.94% of the company’s stock.

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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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