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 reaffirmed a buy rating on shares of Maiden Holdings in a research note on Tuesday, June 28th.
Maiden Holdings (NASDAQ:MHLD) opened at 13.40 on Wednesday. The stock’s 50 day moving average price is $13.31 and its 200 day moving average price is $13.00. The company has a market cap of $991.83 million, a P/E ratio of 9.82 and a beta of 1.13. Maiden Holdings has a 1-year low of $11.14 and a 1-year high of $16.10.
Maiden Holdings (NASDAQ:MHLD) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 business posted $0.37 earnings per share. On average, equities analysts anticipate that Maiden Holdings will post $1.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 4.18%. Maiden Holdings’s dividend payout ratio (DPR) is presently 41.18%.
A number of large investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in shares of Maiden Holdings by 16.8% in the first quarter. Prudential Financial Inc. now owns 144,944 shares of the company’s stock valued at $1,876,000 after buying an additional 20,900 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Maiden Holdings by 195.2% in the second quarter. Coldstream Capital Management Inc. now owns 51,367 shares of the company’s stock valued at $629,000 after buying an additional 33,965 shares during the last quarter. Swiss National Bank increased its stake in shares of Maiden Holdings by 7.4% in the second quarter. Swiss National Bank now owns 102,700 shares of the company’s stock valued at $1,257,000 after buying an additional 7,100 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Maiden Holdings during the second quarter valued at $125,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Maiden Holdings by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 434,125 shares of the company’s stock valued at $5,314,000 after buying an additional 12,430 shares during the last quarter. Institutional investors and hedge funds own 70.31% of the company’s stock.
About Maiden Holdings
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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