Maiden Holdings Ltd. (MHLD) Upgraded by Zacks Investment Research to “Hold”
According to Zacks, “MAIDEN HOLDINGS is a Bermuda holding company which offers customized reinsurance products and services through Maiden Insurance Company, Ltd., its wholly owned Bermuda reinsurance subsidiary, to subsidiaries of AmTrust Financial Services, Inc. and small insurance companies and managing general agents in the United States and Europe. “
Separately, JMP Securities reissued a buy rating on shares of Maiden Holdings in a research report on Tuesday, June 28th.
Shares of Maiden Holdings (NASDAQ:MHLD) opened at 13.09 on Thursday. The company has a 50-day moving average of $13.75 and a 200 day moving average of $12.99. Maiden Holdings has a 12-month low of $11.14 and a 12-month high of $16.10. The firm has a market cap of $968.88 million, a P/E ratio of 9.59 and a beta of 1.16.
Maiden Holdings (NASDAQ:MHLD) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.01. Maiden Holdings had a net margin of 5.14% and a return on equity of 13.98%. During the same period in the prior year, the firm earned $0.37 earnings per share. Equities analysts predict that Maiden Holdings will post $1.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.28%. Maiden Holdings’s payout ratio is 41.18%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas raised its position in shares of Maiden Holdings by 21.2% in the second quarter. Teacher Retirement System of Texas now owns 8,235 shares of the company’s stock worth $101,000 after buying an additional 1,440 shares during the last quarter. Sei Investments Co. raised its position in shares of Maiden Holdings by 163.5% in the second quarter. Sei Investments Co. now owns 8,616 shares of the company’s stock worth $106,000 after buying an additional 5,346 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Maiden Holdings during the second quarter worth approximately $125,000. US Bancorp DE raised its position in shares of Maiden Holdings by 0.6% in the second quarter. US Bancorp DE now owns 11,933 shares of the company’s stock worth $147,000 after buying an additional 73 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Maiden Holdings during the second quarter worth approximately $149,000. Institutional investors and hedge funds own 70.31% of the company’s stock.
Maiden Holdings Company Profile
Maiden Holdings, Ltd. (Maiden) is a holding company. The Company is focused on serving the needs of regional and specialty insurers in the United States, Europe and select other global markets by providing reinsurance solutions designed to support their capital needs. Maiden operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.
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