Thrivent Financial For Lutherans boosted its holdings in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 1,714.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 753,040 shares of the insurance provider’s stock after purchasing an additional 711,530 shares during the quarter. Thrivent Financial For Lutherans owned 0.87% of Maiden Holdings worth $8,359,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Louisiana State Employees Retirement System raised its stake in Maiden Holdings by 0.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the insurance provider’s stock worth $333,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System raised its stake in Maiden Holdings by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 38,400 shares of the insurance provider’s stock worth $426,000 after purchasing an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Maiden Holdings by 1.3% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 36,580 shares of the insurance provider’s stock worth $512,000 after purchasing an additional 460 shares in the last quarter. Texas Permanent School Fund raised its stake in Maiden Holdings by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 53,714 shares of the insurance provider’s stock worth $596,000 after purchasing an additional 621 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Maiden Holdings by 0.5% in the 1st quarter. Legal & General Group Plc now owns 126,462 shares of the insurance provider’s stock worth $1,769,000 after purchasing an additional 675 shares in the last quarter. Institutional investors and hedge funds own 66.88% of the company’s stock.

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Several analysts have weighed in on MHLD shares. Zacks Investment Research upgraded shares of Maiden Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub upgraded shares of Maiden Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. FBR & Co reiterated a “hold” rating and issued a $13.00 price objective on shares of Maiden Holdings in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $19.00 price objective on shares of Maiden Holdings in a research note on Friday, June 9th. Finally, JMP Securities reiterated a “mkt outperform” rating and issued a $9.00 price objective on shares of Maiden Holdings in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.50.

Shares of Maiden Holdings, Ltd. (NASDAQ MHLD) opened at 7.70 on Friday. The firm’s market cap is $666.97 million. Maiden Holdings, Ltd. has a 52 week low of $6.25 and a 52 week high of $18.95. The firm has a 50-day moving average of $7.88 and a 200 day moving average of $11.00.

Maiden Holdings (NASDAQ:MHLD) last issued its earnings results on Tuesday, August 8th. The insurance provider reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.43). The business had revenue of $753.18 million for the quarter, compared to the consensus estimate of $740.30 million. Maiden Holdings had a negative return on equity of 0.55% and a negative net margin of 0.61%. Equities research analysts predict that Maiden Holdings, Ltd. will post $0.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, September 29th. This represents a $0.60 dividend on an annualized basis and a yield of 7.79%. Maiden Holdings’s dividend payout ratio is presently -120.00%.

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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Institutional Ownership by Quarter for Maiden Holdings (NASDAQ:MHLD)

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