Maiden Holdings, Ltd. (MHLD) Position Increased by JPMorgan Chase & Co.
JPMorgan Chase & Co. raised its position in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 52.8% during the third quarter, Holdings Channel reports. The institutional investor owned 359,401 shares of the company’s stock after buying an additional 124,201 shares during the period. JPMorgan Chase & Co. owned approximately 0.49% of Maiden Holdings worth $4,562,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. First Trust Advisors LP increased its position in shares of Maiden Holdings by 215.1% in the third quarter. First Trust Advisors LP now owns 413,174 shares of the company’s stock worth $5,243,000 after buying an additional 282,035 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Maiden Holdings by 15.8% in the second quarter. Prudential Financial Inc. now owns 167,844 shares of the company’s stock worth $2,054,000 after buying an additional 22,900 shares in the last quarter. Swiss National Bank increased its position 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 worth $1,257,000 after buying an additional 7,100 shares in the last quarter. Lucus Advisors LLC acquired a new position in shares of Maiden Holdings during the second quarter worth approximately $351,000. Finally, Bank of New York Mellon Corp increased its position 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 worth $5,314,000 after buying an additional 12,430 shares in the last quarter. Institutional investors own 69.61% of the company’s stock.
Maiden Holdings, Ltd. (NASDAQ:MHLD) opened at 17.90 on Friday. The company has a market cap of $1.54 billion, a P/E ratio of 12.17 and a beta of 1.18. Maiden Holdings, Ltd. has a 12-month low of $11.14 and a 12-month high of $18.25. The firm has a 50-day moving average price of $17.02 and a 200-day moving average price of $14.30.
Maiden Holdings (NASDAQ:MHLD) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company earned $628.28 million during the quarter, compared to the consensus estimate of $629.60 million. Maiden Holdings had a return on equity of 13.56% and a net margin of 5.51%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, equities research analysts forecast that Maiden Holdings, Ltd. will post $1.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.35%. This is a positive change from Maiden Holdings’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, December 29th. Maiden Holdings’s payout ratio is presently 41.10%.
A number of equities analysts have issued reports on the company. Compass Point downgraded Maiden Holdings from a “buy” rating to a “neutral” rating in a report on Wednesday, January 4th. Zacks Investment Research upgraded Maiden Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Finally, FBR & Co downgraded Maiden Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, November 28th.
In other news, insider Lawrence F. Metz sold 2,000 shares of the business’s stock in a transaction on Monday, December 19th. The stock was sold at an average price of $17.65, for a total value of $35,300.00. Following the completion of the transaction, the insider now directly owns 8,887 shares of the company’s stock, valued at approximately $156,855.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Karen Schmitt sold 20,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $15.99, for a total value of $319,800.00. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.
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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