Maiden Holdings Ltd. (MHLD) Upgraded by Zacks Investment Research to Hold
Maiden Holdings Ltd. (NASDAQ:MHLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.
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 reaffirmed a “buy” rating on shares of Maiden Holdings in a research report on Tuesday, June 28th.
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Shares of Maiden Holdings (NASDAQ:MHLD) traded down 0.07% during midday trading on Thursday, hitting $13.37. The stock had a trading volume of 373,255 shares. The firm has a market cap of $989.61 million, a price-to-earnings ratio of 9.79 and a beta of 1.16. Maiden Holdings has a 1-year low of $11.14 and a 1-year high of $16.10. The firm has a 50-day moving average price of $13.82 and a 200-day moving average price of $12.96.
Maiden Holdings (NASDAQ:MHLD) last posted its earnings results on Thursday, August 4th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Maiden Holdings had a return on equity of 13.98% and a net margin of 5.14%. During the same quarter last year, the company earned $0.37 EPS. On average, equities analysts anticipate that Maiden Holdings will post $1.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, October 3rd. Maiden Holdings’s dividend payout ratio is currently 41.18%.
Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Maiden Holdings by 5.6% in the first quarter. Geode Capital Management LLC now owns 387,437 shares of the company’s stock valued at $5,013,000 after buying an additional 20,403 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Maiden Holdings by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,042,231 shares of the company’s stock valued at $52,307,000 after buying an additional 60,748 shares during the last quarter. AXA boosted its stake in Maiden Holdings by 57.2% in the first quarter. AXA now owns 109,550 shares of the company’s stock valued at $1,418,000 after buying an additional 39,850 shares during the last quarter. UBS Group AG boosted its stake in Maiden Holdings by 13.6% in the first quarter. UBS Group AG now owns 41,828 shares of the company’s stock valued at $541,000 after buying an additional 5,000 shares during the last quarter. Finally, State Street Corp boosted its stake in Maiden Holdings by 10.3% in the first quarter. State Street Corp now owns 1,123,931 shares of the company’s stock valued at $14,543,000 after buying an additional 104,596 shares during the last quarter. Institutional investors and hedge funds own 70.31% of the company’s stock.
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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