Stock BuybacksBy The Online Investor Staff, updated Tue., Feb. 18, 1:10 PM
|This Slide: #5 of 25|
Slide #5. WATFORD HOLDINGS LTD.
WATFORD HOLDINGS LTD. (NASDAQ:WTRE)
WATFORD HOLDINGS LTD. ("Watford" or the "Company") (NASDAQ: WTRE) today reported a net loss of $16.9 million, after $1.2 million of preference dividends, for the three months ended December 31, 2019, compared to a net loss of $95.3 million, after payment of $4.9 million of preference dividends, in the same period in 2018. Book value per diluted common share was $43.49 at December 31, 2019, an increase of 10.9% from December 31, 2018. In addition, the Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $50 million of its outstanding common shares from time to time on the open market or in privately negotiated transactions.
Watford is holding company. Through its subsidiaries, Co. operates as a property, casualty, and mortgage insurance and reinsurance company worldwide. Co.'s strategy combines a diversified, casualty-focused underwriting portfolio, accessed through its multi-year, renewable strategic underwriting management relationship with Arch, with a disciplined investment strategy comprising primarily non-investment grade corporate credit assets, managed by HPS Investment Partners, LLC, or HPS. Co. operations in Bermuda, the United States and Europe.
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Hold (2.40 out of 4)
(ranked lower than approx. 86% of all stocks covered)
Based on Zacks ABR data;
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