Blackstone Group Inc grew its stake in Watford Hldg Ltd (NASDAQ:WTRE) by 58.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,143 shares of the company’s stock after purchasing an additional 35,143 shares during the period. Blackstone Group Inc owned about 0.42% of Watford worth $2,609,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA acquired a new stake in Watford in the 2nd quarter valued at approximately $27,000. Bank of Montreal Can acquired a new position in Watford during the second quarter worth $46,000. Strs Ohio acquired a new position in Watford during the second quarter worth $148,000. Captrust Financial Advisors acquired a new position in Watford during the second quarter worth $274,000. Finally, Marshall Wace North America L.P. purchased a new stake in Watford during the second quarter worth $276,000. Institutional investors and hedge funds own 12.35% of the company’s stock.

Watford stock traded up $0.07 during midday trading on Thursday, reaching $26.11. 5,273 shares of the stock were exchanged, compared to its average volume of 116,436. The firm has a fifty day simple moving average of $23.61. Watford Hldg Ltd has a 52 week low of $18.75 and a 52 week high of $28.99.

Watford (NASDAQ:WTRE) last posted its earnings results on Monday, July 29th. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.30). The company had revenue of $175.78 million for the quarter. As a group, research analysts anticipate that Watford Hldg Ltd will post 3.84 earnings per share for the current year.

Separately, Zacks Investment Research reissued a “hold” rating on shares of Watford in a report on Sunday, September 8th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $29.20.

In related news, Director Thomas Miller purchased 4,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $19.95 per share, with a total value of $79,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John F. Rathgeber purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was bought at an average cost of $20.12 per share, with a total value of $503,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 59,700 shares of company stock valued at $1,184,930.

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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Institutional Ownership by Quarter for Watford (NASDAQ:WTRE)

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