Maiden Holdings, Ltd. (NASDAQ:MHLD) – Equities research analysts at FBR & Co dropped their Q3 2017 earnings per share estimates for Maiden Holdings in a research note issued on Tuesday. FBR & Co analyst R. Binner now forecasts that the insurance provider will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.10. FBR & Co currently has a “Hold” rating and a $11.00 target price on the stock. FBR & Co also issued estimates for Maiden Holdings’ FY2017 earnings at $0.45 EPS.
Maiden Holdings (NASDAQ:MHLD) last announced its earnings results on Tuesday, August 8th. The insurance provider reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.43). Maiden Holdings had a negative return on equity of 0.55% and a negative net margin of 0.61%. The business had revenue of $753.18 million for the quarter, compared to analyst estimates of $740.30 million. WARNING: This piece was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/10/13/q3-2017-eps-estimates-for-maiden-holdings-ltd-lowered-by-fbr-co-mhld.html.
A number of other brokerages have also commented on MHLD. BidaskClub lowered shares of Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods lowered shares of Maiden Holdings from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $17.00 to $10.00 in a research note on Thursday, August 10th. JMP Securities restated a “mkt outperform” rating and set a $9.00 price target on shares of Maiden Holdings in a research note on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of Maiden Holdings from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 23rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Maiden Holdings has a consensus rating of “Hold” and an average target price of $11.25.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its holdings in Maiden Holdings by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the insurance provider’s stock worth $333,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System boosted its holdings in Maiden Holdings by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 38,400 shares of the insurance provider’s stock worth $426,000 after acquiring an additional 200 shares during the last quarter. Quantum Capital Management boosted its holdings in Maiden Holdings by 1.8% during the 2nd quarter. Quantum Capital Management now owns 11,890 shares of the insurance provider’s stock worth $132,000 after acquiring an additional 209 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Maiden Holdings by 1.3% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 36,580 shares of the insurance provider’s stock worth $512,000 after acquiring an additional 460 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Maiden Holdings by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 53,714 shares of the insurance provider’s stock worth $596,000 after acquiring an additional 621 shares during the last quarter. 66.88% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date is Friday, September 29th. Maiden Holdings’s dividend payout ratio is -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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