Watford (WTRE) Research Coverage Started at JMP Securities

Stock analysts at JMP Securities assumed coverage on shares of Watford (NASDAQ:WTRE) in a report issued on Thursday, The Fly reports. The firm set an “outperform” rating on the stock.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Watford in a research note on Tuesday, April 23rd. They set a “neutral” rating and a $30.00 target price for the company. Barclays started coverage on shares of Watford in a research note on Monday, April 22nd. They set an “equal weight” rating and a $29.00 target price for the company. Finally, Keefe, Bruyette & Woods started coverage on shares of Watford in a research note on Sunday. They set a “market perform” rating and a $25.00 target price for the company.

Shares of NASDAQ:WTRE opened at $25.85 on Thursday. Watford has a 12-month low of $23.70 and a 12-month 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 analysts’ consensus estimates of $3.72 by ($1.62). The business had revenue of $205.04 million for the quarter. Analysts forecast that Watford will post 4.28 earnings per share for the current fiscal year.

In other Watford news, CEO Alexandre Scherer purchased 1,200 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $26.27 per share, for a total transaction of $31,524.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Robert L. Hawley purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $25.45 per share, for a total transaction of $101,800.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 49,200 shares of company stock valued at $1,253,704 in the last three months.

Institutional investors have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. bought a new position in shares of Watford during the 1st quarter valued at $334,000. Price Wealth Management Inc. bought a new position in shares of Watford during the 1st quarter valued at $334,000. JPMorgan Chase & Co. bought a new position in shares of Watford during the 1st quarter valued at $1,471,000. Blackstone Group L.P. bought a new position in shares of Watford during the 1st quarter valued at $1,605,000. Finally, Element Pointe Advisors LLC bought a new position in shares of Watford during the 1st quarter valued at $3,344,000. Institutional investors and hedge funds own 0.94% 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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The Fly

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