Shares of Watford Hldg Ltd (NASDAQ:WTRE) have been given an average broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokers have set a 12 month consensus target price of $31.75 for the company and are anticipating that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also given Watford an industry rank of 44 out of 256 based on the ratings given to related companies.

Several research analysts have recently commented on WTRE shares. Keefe, Bruyette & Woods started coverage on Watford in a research report on Sunday, May 12th. They issued a “market perform” rating and a $25.00 target price for the company. JMP Securities assumed coverage on Watford in a report on Thursday, May 16th. They issued an “outperform” rating and a $33.00 price target on the stock. Barclays assumed coverage on Watford in a report 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 Watford in a report on Tuesday, April 23rd. They issued a “neutral” rating and a $30.00 price target on the stock. Finally, Zacks Investment Research downgraded Watford from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd.

In other Watford news, CEO John F. Rathgeber bought 25,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were purchased at an average price of $20.12 per share, with a total value of $503,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John F. Rathgeber bought 2,500 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost of $20.01 per share, for a total transaction of $50,025.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 66,546 shares of company stock worth $1,360,938.

Institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA bought a new stake in Watford during the 2nd quarter valued at $27,000. Bank of Montreal Can bought a new stake in shares of Watford in the 2nd quarter worth $46,000. Strs Ohio bought a new stake in shares of Watford in the 2nd quarter worth $148,000. Captrust Financial Advisors bought a new stake in shares of Watford in the 2nd quarter worth $274,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Watford in the 2nd quarter worth $276,000. 1.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WTRE traded down $0.35 during mid-day trading on Wednesday, hitting $23.27. The stock had a trading volume of 7,819 shares, compared to its average volume of 131,336. The company’s fifty day moving average price is $24.25. Watford has a fifty-two week low of $18.75 and a fifty-two week high of $28.99.

Watford (NASDAQ:WTRE) last issued its earnings results on Monday, July 29th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.30). The firm had revenue of $175.78 million during the quarter. As a group, sell-side analysts forecast that Watford will post 4.25 EPS for the current year.

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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