Principal Financial Group Inc. Has $8.13 Million Stake in Maiden Holdings, Ltd. (NASDAQ:MHLD)
Principal Financial Group Inc. raised its position in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 3.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 580,868 shares of the insurance provider’s stock after buying an additional 21,965 shares during the period. Principal Financial Group Inc. owned about 0.67% of Maiden Holdings worth $8,132,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in Maiden Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,090 shares of the insurance provider’s stock worth $113,000 after buying an additional 170 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Maiden Holdings during the first quarter valued at $144,000. TFS Capital LLC purchased a new stake in shares of Maiden Holdings during the first quarter valued at $163,000. TNB Financial purchased a new stake in shares of Maiden Holdings during the first quarter valued at $196,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Maiden Holdings by 17.8% in the first quarter. BNP Paribas Arbitrage SA now owns 15,729 shares of the insurance provider’s stock valued at $220,000 after buying an additional 2,376 shares in the last quarter. 66.57% of the stock is owned by institutional investors and hedge funds.
Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) traded up 1.37% during mid-day trading on Friday, hitting $11.10. The stock had a trading volume of 279,078 shares. Maiden Holdings, Ltd. has a 1-year low of $10.25 and a 1-year high of $18.95. The firm has a market capitalization of $960.74 million, a PE ratio of 185.00 and a beta of 1.18. The stock’s 50-day moving average is $11.14 and its 200-day moving average is $13.34.
Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings results on Monday, May 8th. The insurance provider reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.12. Maiden Holdings had a net margin of 1.37% and a return on equity of 3.41%. The firm had revenue of $756.30 million for the quarter, compared to analyst estimates of $647.60 million. During the same period in the previous year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts expect that Maiden Holdings, Ltd. will post $1.41 earnings per share for the current year.
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Several analysts have weighed in on the company. BidaskClub cut Maiden Holdings from a “sell” rating to a “strong sell” rating in a report on Monday. FBR & Co dropped their price objective on Maiden Holdings from $13.00 to $12.00 and set a “mkt perform” rating for the company in a report on Tuesday, July 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $19.00 price objective on shares of Maiden Holdings in a report on Friday, June 9th. Finally, Compass Point raised Maiden Holdings from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.25.
Maiden Holdings Company Profile
Maiden Holdings, Ltd. (Maiden) is a holding company. The Company focuses 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. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.
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