Before the company gets started with its update, management would like to remind everyone that certain statements discussed on this call may constitute forward-looking statements under federal securities law. Additionally, certain statements contained in this call are not based on historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company intends the forward-looking statements in this call to be subject to the safe harbor created thereby.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
PEMBROKE, Bermuda, Feb. 11, 2020 -- WATFORD HOLDINGS LTD. (“Watford” or the “Company”) (NASDAQ: WTRE) today reported a net loss of $16.9 million, after $1.2 million of.
Watford Holdings Ltd. ("Watford" or the "Company") [NASDAQ: WTRE] announced that it expects to report a 2019 fourth quarter net loss primarily due to a strengthening of net loss reserves of approximately $28 million across the current and prior accident years. The loss reserve strengthening is in response to higher than projected reported losses in the quarter, mainly in U.S. casualty reinsurance, as well as known casualty exposures where losses are believed to have been incurred but, for the most part, have yet to be reported. The reserve increase primarily relates to two large casualty reinsurance contracts, one of which is in run-off, and one of which has been renewed at increasingly smaller participations over the past several years.
Watford Holdings Ltd. (the "Company") [Nasdaq: WTRE] announced that it estimates that its 2020 First Quarter earnings will include a net investment loss of approximately $265 million due to investment market volatility caused by the economic shutdown mandated by governments around the world related to the COVID-19 virus. The net investment loss is predominantly comprised of unrealized mark-to-market losses to the Company's non-investment grade fixed-income portfolio. The impact of unrealized mark-to-market losses on net income is estimated to be approximately $290 million.
Watford Holdings Ltd. ("Watford") (WTRE) has today announced that Liz Cunningham has joined the Company as Chief Risk Officer (“CRO”) on January 2, 2020. Ms. Cunningham is based in Watford’s Bermuda office and will report to Jon Levy, the Company’s President and former CRO.
The analysts covering Watford Holdings Ltd. (NASDAQ:WTRE) delivered a dose of negativity to shareholders today, by...
Watford Holdings Ltd. [Nasdaq: WTRE] announced that it expects to release its 2019 fourth quarter results after the close of regular stock market hours on Tuesday, February 11, 2020. The Company will hold a conference call for investors and analysts at 1:00 p.m. Eastern Time on Wednesday, February 12, 2020. A live webcast of this call will be available via the Investors section of the Company’s website at https://investors.watfordre.com.
Investment firm Capital Returns Management asked Watford Holdings Ltd to hire an investment bank and consider selling itself as the reinsurer's stock has lost more than half of its value since January and lags its peers. Capital Returns Management principal Ronald Bobman said Bermuda-based Watford has no "inherent competitive strengths or core competencies" and said there have only been "unprofitable underwriting and investment results." "The best course of action, I suspect," Bobman wrote to Watford's board of directors, "is for the company to be sold, possibly to a runoff specialist, or alternatively, to forgo its ratings and self administer its runoff."
PEMBROKE, Bermuda, May 04, 2020 -- WATFORD HOLDINGS LTD. (“Watford” or the “Company”) (NASDAQ: WTRE) today reported a net loss of $267.8 million, after $1.2 million of.
Watford Holdings Ltd. [Nasdaq: WTRE] announced that it expects to release its 2020 first quarter results after the close of regular stock market hours on Monday, May 4, 2020. The Company will hold a conference call for investors and analysts at 1:00 p.m. Eastern Time on Tuesday, May 5, 2020. A live webcast of this call will be available via the Investors section of the Company’s website at https://investors.watfordre.com.
Capital Returns Management, LLC (together with its affiliates, "Capital Returns"), the fifth largest stockholder of Watford Holdings Ltd. (the "Company") (NASDAQ: WTRE), sent a letter to the Company's Board of Directors (the "Board") on Friday May 15, 2020.
A stock with a lower price-to-sales ratio is a more suitable investment than a stock with a high price-to-sales ratio.
Watford Holdings Limited ("Watford" or the "Company") (WTRE) today announced that John F. Rathgeber will retire as Chief Executive Officer on March 31, 2020. Mr. Rathgeber will remain a member of Watford’s board of directors and serve as a senior advisor to the Company.
Watford Holdings (WTRE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
Watford Holdings Ltd. ("Watford") (WTRE) announced today that on March 31, 2020, it intends to pay to holders of record as of March 15, 2020 (the "Record Date") a quarterly dividend on its 8½% Cumulative Redeemable Preference Shares, which trade on Nasdaq under the ticker symbol "WTREP" (the "Preference Shares"). From and after the calendar quarter starting July 1, 2019, at the beginning of each calendar quarter the dividend rate on the Preference Shares will be adjusted for such calendar quarter to a rate equal to the 3-month USD LIBOR on the first calendar day of the quarter (or the next business day, if such first day is not a business day) plus a margin of 6.6785%, and the dividend paid for that calendar quarter shall be based on the actual number of days in such quarter.
Zacks.com featured highlights include: Janus Capital, Watford, Arcosa, J. Alexander's Holdings and ePlus
SHOWS: LONDON, ENGLAND, UK (FEBRUARY 29, 2020) (REUTERS - ACCESS ALL) 1. LIVERPOOL MANAGER JUERGEN KLOPP SPEAKING AT NEWS CONFERENCE AFTER LOSING TO WATFORD 3-0 2. (SOUNDBITE) (English) LIVERPOOL MANAGER, JUERGEN KLOPP, SAYING: "I think 3-0 is a bit harsh but we had a big hand in that. So, we don't have to think about that. We have to start with the most important thing - congratulations Watford, well deserved. That's what should be the headline." 3. (SOUNDBITE) (English) LIVERPOOL MANAGER, JUERGEN KLOPP, SAYING: "We had not enough chances, we didn't create enough and that's what leads then to a defeat. That's how football is. It has nothing to do with games you won before, had nothing to do with the games you will win. It's just this one football game and for tonight, we have to admit that Watford was the better team." 4. (SOUNDBITE) (English) LIVERPOOL MANAGER, JUERGEN KLOPP, SAYING: "Not really, because I don't think you can break records because you want to break records. You break records because you are one hundred per cent focused on each step you have to do, whatever record it is - a marathon or whatever - and for that you have to perform and the boys performed. That's why we won the games so often. But, tonight we were not good enough and that's not now a plus for me that I think in history, when they look back in five hundred years and will say 'Liverpool nearly did it.'". 5. (SOUNDBITE) (English) LIVERPOOL MANAGER, JUERGEN KLOPP, SAYING: "It's not easy to explain why exactly tonight it didn't happen for us, but it should not be now the biggest sensation in world football that it happened. We play only against teams, they fight with all they have for their own targets. Now Watford was the first team who could really use that. For me, if you ask me 'what was the biggest surprise? the performance or the result?'. The biggest surprise for me is that Watford fights for staying in the league." STORY: Liverpool's unbeaten run in this season's Premier League was ended in unfathomable fashion on Saturday (February 29) as struggling Watford hammered the European champions 3-0 at their ecstatic Vicarage Road stadium. Ismaila Sarr inspired the extraordinary upset, stunning Liverpool with two goals in six second-half minutes before setting up captain Troy Deeney with a third for the team who had started the day one from bottom, 55 points behind the runaway leaders. Liverpool's first league defeat of the season in their 28th match meant the end of their hopes of going the whole league campaign unbeaten as the new 'Invincibles', thus emulating Arsenal's feat of 2003-04 and Preston North End's in 1888-89. It also concluded their run of 44 league matches without defeat stretching back to January 2019 and came on the day they were expected to surpass champions Manchester City by creating a new English top-flight record of 19 successive league victories. The setback will doubtless not stop Juergen Klopp's men going on to lift their first English title for 30 years as they remain 22 points ahead of their nearest pursuers City, who have a game in hand. Yet their season's aura of domestic invincibility was demolished. Liverpool had previously dropped only two points in the league this season -- their draw at Manchester United in October -- but from the start, Watford attacked them with a vigour that belied their struggles in the league. Watford, who had not won any of their previous five league games, quickly looked the more likely to break the deadlock in the first half, with Gerard Deulofeu proving Liverpool's main tormentor before he was stretchered off with a knee injury that manager Nigel Pearson described as "bad". Yet it was only when the Senegalese winger Sarr struck twice just before the hour mark that the Hornets dared to dream. First he poked home from close range after Liverpool had failed to deal with a throw-in and then, after Will Hughes had set up an attack with a neat backheel, he powered forward and lifted the ball over the advancing Alisson. Sarr then completed his fairytale day by latching on to Trent Alexander-Arnold's poor back pass and setting up Deeney, although he did miss a good chance to complete his hat-trick. Liverpool never gave up and Adam Lallana hit the post with one thumping drive but, for the first time in the league this season, they had been thoroughly outplayed, as Klopp acknowledged with his generous on-field congratulations to his opponents. For Watford, these were crucial points, as Pearson's men moved out of the bottom three on goal difference into 17th place. (Production: Stefan Haskins)
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...