Northern Trust Corp acquired a new stake in shares of Watford Hldg Ltd (NASDAQ:WTRE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 89,925 shares of the company’s stock, valued at approximately $2,466,000. Northern Trust Corp owned approximately 0.40% of Watford as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA bought a new stake in Watford during the 2nd quarter valued at about $27,000. Bank of Montreal Can bought a new stake in Watford during the 2nd quarter valued at about $46,000. Strs Ohio bought a new stake in Watford during the 2nd quarter valued at about $148,000. Wells Fargo & Company MN bought a new stake in Watford during the 2nd quarter valued at about $321,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Watford during the 2nd quarter valued at about $1,517,000. Institutional investors and hedge funds own 12.35% of the company’s stock.

In related news, CEO John F. Rathgeber purchased 25,000 shares of Watford stock in a transaction dated Wednesday, July 31st. The stock was purchased at an average cost of $20.12 per share, for a total transaction of $503,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Miller purchased 4,000 shares of Watford stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $19.95 per share, with a total value of $79,800.00. The disclosure for this purchase can be found here. Insiders bought 59,700 shares of company stock valued at $1,184,930 over the last quarter. Company insiders own 16.61% of the company’s stock.

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

Shares of WTRE stock traded up $0.31 during trading hours on Monday, reaching $27.75. The company had a trading volume of 2,616 shares, compared to its average volume of 211,619. The business has a fifty day moving average of $25.52. Watford Hldg Ltd has a one year low of $18.75 and a one year high of $28.99.

Watford (NASDAQ:WTRE) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.30). The firm had revenue of $175.78 million for the quarter. Sell-side analysts forecast that Watford Hldg Ltd will post 3.93 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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Institutional Ownership by Quarter for Watford (NASDAQ:WTRE)

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