State Street Corp Has $19.35 Million Holdings in Maiden Holdings, Ltd. (MHLD)
State Street Corp lessened its stake in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,743,581 shares of the insurance provider’s stock after selling 53,504 shares during the period. State Street Corp owned 2.01% of Maiden Holdings worth $19,351,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Maiden Holdings by 419.2% during the second quarter. Principal Financial Group Inc. now owns 3,016,021 shares of the insurance provider’s stock valued at $33,479,000 after purchasing an additional 2,435,153 shares during the last quarter. Cipher Capital LP grew its holdings in Maiden Holdings by 87.5% during the second quarter. Cipher Capital LP now owns 127,486 shares of the insurance provider’s stock valued at $1,415,000 after purchasing an additional 59,502 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Maiden Holdings during the second quarter valued at approximately $1,247,000. Schwab Charles Investment Management Inc. grew its holdings in Maiden Holdings by 50.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 623,463 shares of the insurance provider’s stock valued at $6,921,000 after purchasing an additional 210,223 shares during the last quarter. Finally, Rothschild Asset Management Inc. grew its holdings in Maiden Holdings by 0.5% during the second quarter. Rothschild Asset Management Inc. now owns 267,029 shares of the insurance provider’s stock valued at $2,964,000 after purchasing an additional 1,326 shares during the last quarter. Institutional investors own 68.51% of the company’s stock.
MHLD has been the topic of several analyst reports. Zacks Investment Research downgraded Maiden Holdings from a “hold” rating to a “strong sell” rating in a report on Saturday, September 23rd. BidaskClub downgraded Maiden Holdings from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $10.00 price target on shares of Maiden Holdings in a report on Friday, November 3rd. FBR & Co reiterated a “hold” rating and set a $11.00 price target on shares of Maiden Holdings in a report on Monday, September 25th. Finally, B. Riley reiterated a “neutral” rating and set a $10.00 price target on shares of Maiden Holdings in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.00.
In other Maiden Holdings news, Director Raymond Michael Neff acquired 46,500 shares of Maiden Holdings stock in a transaction dated Monday, November 13th. The stock was bought at an average cost of $6.40 per share, with a total value of $297,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is currently owned by corporate insiders.
Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) opened at $6.15 on Friday. Maiden Holdings, Ltd. has a 12-month low of $6.00 and a 12-month high of $18.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.18 and a current ratio of 0.18.
Maiden Holdings (NASDAQ:MHLD) last posted its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.77). Maiden Holdings had a negative net margin of 3.95% and a negative return on equity of 9.10%. The business had revenue of $653.87 million during the quarter, compared to the consensus estimate of $708.04 million. During the same period in the prior year, the company posted $0.39 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. analysts anticipate that Maiden Holdings, Ltd. will post -0.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.60 annualized dividend and a dividend yield of 9.76%. Maiden Holdings’s dividend payout ratio is -36.59%.
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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