Maiden Holdings Ltd. (MHLD) Raised to Hold at Zacks Investment Research
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.
Maiden Holdings (NASDAQ:MHLD) opened at 13.28 on Thursday. The firm’s 50-day moving average price is $13.78 and its 200 day moving average price is $12.98. Maiden Holdings has a one year low of $11.14 and a one year high of $16.10. The firm has a market capitalization of $982.95 million, a P/E ratio of 9.73 and a beta of 1.16.
Maiden Holdings (NASDAQ:MHLD) last announced its earnings results on Thursday, August 4th. The company reported $0.39 earnings per share for the quarter, missing the Zacks’ 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 quarter in the prior year, the company posted $0.37 EPS. On average, equities analysts anticipate that Maiden Holdings will post $1.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Monday, October 3rd. Maiden Holdings’s dividend payout ratio (DPR) is presently 41.18%.
Large investors have recently bought and sold shares of the company. US Bancorp DE increased its stake in 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. increased its stake in 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 increased its stake in 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 increased its stake in 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. increased its stake in 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. 70.31% of the stock is owned by institutional investors and hedge funds.
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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