Watford Hldg Ltd (WTRE) CEO Acquires $72,240.00 in Stock

Watford Hldg Ltd (NASDAQ:WTRE) CEO Alexandre Scherer purchased 2,800 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average cost of $25.80 per share, with a total value of $72,240.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

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

Watford stock traded down $0.40 during midday trading on Friday, reaching $25.21. 1,654 shares of the company were exchanged, compared to its average volume of 68,440. Watford Hldg Ltd has a 1 year low of $23.70 and a 1 year high of $28.94.

Watford (NASDAQ:WTRE) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $3.72 by ($1.62). The company had revenue of $205.04 million during the quarter. As a group, sell-side analysts forecast that Watford Hldg Ltd will post 4.28 earnings per share for the current year.

Several research analysts have recently issued reports on WTRE shares. Barclays started coverage on Watford in a research note on Monday, April 22nd. They set an “equal weight” rating and a $29.00 price target for the company. JPMorgan Chase & Co. started coverage on Watford in a research note on Tuesday, April 23rd. They set a “neutral” rating and a $30.00 price target for the company. Keefe, Bruyette & Woods started coverage on Watford in a research note on Sunday, May 12th. They set a “market perform” rating and a $25.00 price target for the company. Finally, JMP Securities started coverage on Watford in a research note on Thursday. They set an “outperform” rating and a $33.00 price target for the company.

Institutional investors have recently bought and sold shares of the stock. Element Pointe Advisors LLC purchased a new stake in Watford during the 1st quarter worth about $3,344,000. Blackstone Group L.P. purchased a new stake in Watford during the 1st quarter worth about $1,605,000. JPMorgan Chase & Co. purchased a new stake in Watford during the 1st quarter worth about $1,471,000. First Republic Investment Management Inc. purchased a new stake in Watford during the 1st quarter worth about $334,000. Finally, Price Wealth Management Inc. purchased a new stake in Watford during the 1st quarter worth about $334,000. Hedge funds and other institutional investors own 0.94% of the company’s stock.

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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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