Morgan Stanley began coverage on shares of Watford (NASDAQ:WTRE) in a research report sent to investors on Wednesday, Briefing.com Automated Import reports. The firm issued an equal weight rating and a $28.00 price target on the stock.
Separately, Zacks Investment Research upgraded Watford from a strong sell rating to a strong-buy rating and set a $33.00 price target on the stock in a report on Sunday, November 3rd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $29.67.
NASDAQ WTRE opened at $25.20 on Wednesday. The business’s 50 day moving average is $27.05 and its two-hundred day moving average is $25.67. Watford has a 12-month low of $18.75 and a 12-month high of $28.99.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WTRE. Strs Ohio acquired a new stake in shares of Watford in the 2nd quarter worth approximately $148,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Watford in the 2nd quarter worth approximately $27,000. Wells Fargo & Company MN acquired a new stake in shares of Watford in the 2nd quarter worth approximately $321,000. JPMorgan Chase & Co. grew its holdings in shares of Watford by 762.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 474,114 shares of the company’s stock worth $12,976,000 after acquiring an additional 419,114 shares during the period. Finally, Bank of Montreal Can acquired a new stake in shares of Watford in the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 12.42% of the company’s stock.
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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