Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.50.
MHLD has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $19.00 target price on shares of Maiden Holdings in a research report on Friday, June 9th. BidaskClub upgraded Maiden Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. FBR & Co reiterated a “hold” rating and issued a $13.00 price target on shares of Maiden Holdings in a report on Tuesday, June 27th. Finally, JMP Securities reiterated a “mkt outperform” rating and issued a $9.00 price target on shares of Maiden Holdings in a report on Thursday, August 10th.
Shares of Maiden Holdings (MHLD) traded up 7.14% during midday trading on Wednesday, hitting $7.50. The stock had a trading volume of 1,204,829 shares. The stock’s market cap is $649.65 million. Maiden Holdings has a 12-month low of $6.25 and a 12-month high of $18.95. The stock has a 50-day moving average price of $8.51 and a 200-day moving average price of $11.39.
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 the consensus estimate of $0.29 by $0.43. The firm had revenue of $753.18 million during the quarter, compared to analysts’ expectations of $740.30 million. Maiden Holdings had a negative return on equity of 0.55% and a negative net margin of 0.61%. Equities analysts forecast that Maiden Holdings will post $0.74 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a $0.15 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.60 annualized dividend and a yield of 8.00%. Maiden Holdings’s dividend payout ratio is currently -120.00%.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its holdings 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 valued at $1,769,000 after purchasing an additional 675 shares in the last quarter. Swiss National Bank increased its holdings in Maiden Holdings by 21.4% in the 1st quarter. Swiss National Bank now owns 120,700 shares of the insurance provider’s stock valued at $1,690,000 after purchasing an additional 21,300 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Maiden Holdings by 419.2% in the 2nd 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in Maiden Holdings by 49.5% in 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 purchasing an additional 528,032 shares in the last quarter. Finally, Rothschild Asset Management Inc. increased its holdings in Maiden Holdings by 0.5% in the 2nd 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 in the last quarter. 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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