Keefe, Bruyette & Woods Lowers Maiden Holdings, Ltd. (NASDAQ:MHLD) to Market Perform

Maiden Holdings, Ltd. (NASDAQ:MHLD) was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday.

Several other equities analysts also recently issued reports on MHLD. FBR & Co reduced their price target on shares of Maiden Holdings from $13.00 to $12.00 and set a “mkt perform” rating for the company in a report on Tuesday, July 11th. Compass Point raised shares of Maiden Holdings from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, May 10th. Finally, BidaskClub downgraded shares of Maiden Holdings from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.25.

Shares of Maiden Holdings (NASDAQ MHLD) opened at 7.725 on Thursday. The stock has a market capitalization of $668.62 million, a P/E ratio of 128.750 and a beta of 1.18. The firm has a 50 day moving average of $10.96 and a 200-day moving average of $13.09. Maiden Holdings has a 12 month low of $7.20 and a 12 month high of $18.95.

Maiden Holdings (NASDAQ:MHLD) last released 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. The business had revenue of $753.18 million during the quarter, compared to analyst estimates of $740.30 million. Maiden Holdings had a negative return on equity of 0.54% and a negative net margin of 0.61%. Analysts forecast that Maiden Holdings will post $0.74 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in MHLD. State of Alaska Department of Revenue increased its position in shares of Maiden Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,090 shares of the insurance provider’s stock valued at $113,000 after buying an additional 170 shares during the period. First Citizens Bank & Trust Co. purchased a new position in shares of Maiden Holdings during the first quarter valued at about $144,000. SG Americas Securities LLC purchased a new position in shares of Maiden Holdings during the second quarter valued at about $115,000. TFS Capital LLC purchased a new position in shares of Maiden Holdings during the first quarter valued at about $163,000. Finally, JFS Wealth Advisors LLC increased its position in shares of Maiden Holdings by 8.1% in the second quarter. JFS Wealth Advisors LLC now owns 13,481 shares of the insurance provider’s stock valued at $150,000 after buying an additional 1,011 shares during the period. 66.49% of the stock is owned by institutional investors.

Maiden Holdings Company Profile

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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