Maiden Holdings, Ltd. (MHLD) Rating Increased to Hold at Zacks Investment Research
Maiden Holdings, Ltd. (NASDAQ:MHLD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday.
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. “
A number of other brokerages have also commented on MHLD. BidaskClub raised Maiden Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. FBR & Co reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Maiden Holdings in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Maiden Holdings in a report on Friday, June 9th. Finally, JMP Securities reaffirmed a “mkt outperform” rating and issued a $9.00 price objective on shares of Maiden Holdings in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.50.
Maiden Holdings (NASDAQ:MHLD) opened at 7.70 on Tuesday. The company’s market capitalization is $666.97 million. Maiden Holdings has a one year low of $6.25 and a one year high of $18.95. The firm’s 50 day moving average price is $8.38 and its 200-day moving average price is $11.30.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.43). Maiden Holdings had a negative net margin of 0.61% and a negative return on equity of 0.55%. The firm had revenue of $753.18 million during the quarter, compared to analyst estimates of $740.30 million. Equities analysts forecast that Maiden Holdings will post $0.74 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in MHLD. Teachers Advisors LLC lifted its position in shares of Maiden Holdings by 6.6% during the 4th quarter. Teachers Advisors LLC now owns 115,490 shares of the insurance provider’s stock valued at $2,015,000 after acquiring an additional 7,134 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Maiden Holdings by 1.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 29,900 shares of the insurance provider’s stock valued at $419,000 after acquiring an additional 500 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Maiden Holdings by 2.1% during the 1st quarter. State of Alaska Department of Revenue now owns 8,090 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 170 shares during the period. Eqis Capital Management Inc. bought a new stake in shares of Maiden Holdings during the 1st quarter valued at $244,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Maiden Holdings by 49.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,593,854 shares of the insurance provider’s stock valued at $22,314,000 after acquiring an additional 528,032 shares during the period. Hedge funds and other institutional investors own 67.06% of the company’s stock.
About Maiden Holdings
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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