Maiden Holdings Ltd. (NASDAQ:MHLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.
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 restated a “buy” rating on shares of Maiden Holdings in a research note on Tuesday, June 28th.
Shares of Maiden Holdings (NASDAQ:MHLD) opened at 12.69 on Monday. Maiden Holdings has a 52-week low of $11.14 and a 52-week high of $16.10. The company’s 50-day moving average price is $13.61 and its 200-day moving average price is $12.99. The stock has a market cap of $939.28 million, a PE ratio of 9.30 and a beta of 1.16.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. Maiden Holdings had a return on equity of 13.98% and a net margin of 5.14%. During the same period in the prior year, the company earned $0.37 EPS. Analysts expect that Maiden Holdings will post $1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 4.41%. Maiden Holdings’s payout ratio is currently 41.18%.
Hedge funds and other institutional investors have recently modified their holdings of the company. 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 period. Principal Financial Group Inc. raised its position in shares of Maiden Holdings by 5.0% in the second quarter. Principal Financial Group Inc. now owns 14,000 shares of the company’s stock worth $171,000 after buying an additional 665 shares during the period. Schroder Investment Management Group raised its position in shares of Maiden Holdings by 2.5% in the second quarter. Schroder Investment Management Group now owns 38,424 shares of the company’s stock worth $470,000 after buying an additional 929 shares during the period. Quantum Capital Management raised its position in shares of Maiden Holdings by 8.4% in the first quarter. Quantum Capital Management now owns 13,224 shares of the company’s stock worth $171,000 after buying an additional 1,021 shares during the period. Finally, Hancock Holding Co. raised its position in shares of Maiden Holdings by 1.9% in the second quarter. Hancock Holding Co. now owns 56,929 shares of the company’s stock worth $697,000 after buying an additional 1,038 shares during the period. Hedge funds and other institutional investors 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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