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WisdomTree New Economy Real Estate Fund - WTRE STOCK NEWS

Welcome to our dedicated page for WisdomTree New Economy Real Estate Fund news (Ticker: WTRE), a resource for investors and traders seeking the latest updates and insights on WisdomTree New Economy Real Estate Fund stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect WisdomTree New Economy Real Estate Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of WisdomTree New Economy Real Estate Fund's position in the market.

Rhea-AI Summary

AM Best has maintained a negative implications status for the Financial Strength Rating of A- (Excellent) for Watford Re Ltd. and its subsidiaries, as well as for its Long-Term Issuer Credit Ratings. This follows the completion of a merger with Arch Capital Group, which could de-risk Watford's investment portfolio and enhance ratings. However, the long-term impacts remain uncertain until further evaluations and discussions with management are conducted. AM Best will continue analyzing Watford's financial projections and operating structure to assess future ratings.

Rhea-AI Impact
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End-of-Day
-1.39%
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Rhea-AI Summary

Watford Holdings Ltd. (NASDAQ: WTRE) announced its decision to voluntarily terminate the listing of its cumulative redeemable preference shares (WTREP) from the Nasdaq Global Select Market. The company cited compliance with Nasdaq's listing requirements, noting fewer than 300 holders of the preference shares. A Form 25 will be filed with the SEC for deregistration, and the company will suspend its reporting obligations concerning the preference shares. Watford continues to operate in global insurance and reinsurance, holding approximately $1.2 billion in capital.

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Rhea-AI Sentiment
End-of-Day
0.91%
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-
Rhea-AI Summary

Watford Holdings Ltd. (Nasdaq: WTRE) announced a quarterly dividend of $0.47859 per share on its 8½% Cumulative Redeemable Preference Shares (WTREP), to be paid on June 30, 2021, to holders of record as of June 15, 2021. The dividend rate will adjust quarterly based on the 3-month USD LIBOR plus a margin of 6.6785%. As of March 31, 2021, Watford reported approximately $1.202 billion in capital, with ratings of “A-” from A.M. Best and “A” from Kroll Bond Rating Agency. The company urges investors to consider tax implications before investing.

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Rhea-AI Sentiment
End-of-Day
0.64%
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dividends
Rhea-AI Summary

Watford Holdings Ltd. (NASDAQ: WTRE) has successfully acquired 100% of Axeria IARD, a property and casualty insurance firm based in France, from the APRIL Group. Headquartered in Lyon, Axeria generates approximately €140 million in gross premiums and operates in the commercial insurance market within the EU. CEO Jon Levy expressed optimism about leveraging Axeria’s expertise and Watford's capital to enhance business relationships and growth in Europe. Watford maintains a capital base of around $1.2 billion and operates globally.

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Rhea-AI Sentiment
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-0.34%
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Rhea-AI Summary

Watford Holdings Ltd. (NASDAQ: WTRE) announces a quarterly dividend of $0.47333 per share on its 8½% Cumulative Redeemable Preference Shares, payable on March 31, 2021, to holders of record as of March 15, 2021. The dividend rate will adjust quarterly based on the 3-month USD LIBOR plus a margin of 6.6785%. As of December 31, 2020, Watford holds approximately $1.166 billion in capital, including $941.3 million in common shareholders’ equity. The company's financial strength ratings are under review with negative implications from A.M. Best.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
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dividends
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Rhea-AI Summary

Watford Holdings Ltd. (NASDAQ: WTRE) reported a net income of $61.4 million for Q4 2020, contrasting with a net loss of $16.9 million in Q4 2019. This yields a return on equity of 6.8%. Book value per share rose by 8.3%, reaching $47.08. Although gross premiums written fell by 11.5% to $138.2 million, net premiums earned increased by 7% to $142.7 million. The combined ratio improved to 106.3%, down from 128.3% YoY. Net investment income surged to $84.4 million, significantly higher than $32.1 million in 2019, driven by unrealized gains of $60.2 million.

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Rhea-AI Sentiment
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-0.16%
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Rhea-AI Summary

Watford Holdings Ltd. (Nasdaq: WTRE) announced a quarterly dividend of $0.48385 per share on its 8½% Cumulative Redeemable Preference Shares (WTREP) for holders of record as of December 15, 2020. The dividend will be paid on December 31, 2020. The dividend rate is set based on the 3-month USD LIBOR plus a margin of 6.6785%. As of September 30, 2020, Watford held approximately $1.1 billion in capital, with financial strength ratings of “A-” from A.M. Best and “A” from Kroll Bond Rating Agency, although A.M. Best placed its ratings under review with negative implications earlier in the year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
dividends
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Rhea-AI Summary

AM Best has maintained a negative outlook for Watford Re Ltd. (NASDAQ: WTRE), reflecting the company's under review status for its Financial Strength Rating of A- and Long-Term Issuer Credit Ratings. This follows Arch Capital Group's revised merger proposal offering $35 per share, a 96% premium from prior market value. Despite improvements in investment income to $29 million, Watford faces ongoing risks from unrealized losses in its non-investment grade bond portfolio, with a $300 million investment loss reported in Q1 2020 due to market volatility from the pandemic.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
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Rhea-AI Summary

Watford Holdings Ltd. (NASDAQ: WTRE) reported a net income of $78.1 million for Q3 2020, a substantial increase from $0.2 million in Q3 2019. Book value per diluted common share rose 11.7% to $43.36. The combined ratio was 105.6%, up from 104.0% a year prior. Notably, net investment income surged to $92.8 million, compared to $14.0 million in 2019. However, gross premiums written fell by 21.0% year-on-year. The company continues to face uncertainties due to the COVID-19 pandemic.

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Rhea-AI Sentiment
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-0.51%
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Rhea-AI Summary

Watford Holdings Ltd. (NASDAQ: WTRE) announced on October 19, 2020, that its Board of Directors determined the unsolicited proposal from Enstar Group Limited (NASDAQ: ESGR) to acquire shares for $34.50 could lead to a 'Superior Proposal' under its merger agreement with Arch Capital Group Ltd. However, the Board has not changed its support for the merger with Arch, where shareholders would receive $31.10 per share. Discussions with Enstar are in preliminary stages and may not result in a superior transaction.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
Tags
management

FAQ

What is the current stock price of WisdomTree New Economy Real Estate Fund (WTRE)?

The current stock price of WisdomTree New Economy Real Estate Fund (WTRE) is $16.581 as of April 16, 2024.

WisdomTree New Economy Real Estate Fund

Nasdaq:WTRE

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Fire, Marine & Casualty Insurance
United States of America
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