Keefe, Bruyette & Woods Reiterates “Hold” Rating for Maiden (MHLD)

Maiden (NASDAQ:MHLD)‘s stock had its “hold” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday. They currently have a $7.00 price objective on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 2.19% from the stock’s current price.

MHLD has been the topic of several other reports. B. Riley reissued a “neutral” rating and set a $10.00 target price on shares of Maiden in a report on Monday, November 6th. JMP Securities reissued a “mkt outperform” rating and set a $9.00 target price on shares of Maiden in a report on Thursday, August 10th. FBR & Co reissued a “hold” rating and set a $11.00 target price on shares of Maiden in a report on Monday, September 25th. Finally, Zacks Investment Research lowered Maiden from a “hold” rating to a “strong sell” rating in a report on Saturday, September 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $10.40.

Shares of Maiden (MHLD) opened at $6.85 on Wednesday. Maiden has a 1-year low of $5.55 and a 1-year 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 (NASDAQ:MHLD) last released its earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.77). The company had revenue of $653.87 million for the quarter, compared to analyst estimates of $708.04 million. Maiden had a negative return on equity of 9.10% and a negative net margin of 3.95%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share. sell-side analysts anticipate that Maiden will post -0.35 earnings per share for the current year.

In other Maiden news, Director Raymond Michael Neff acquired 46,500 shares of Maiden stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $6.40 per share, with a total value of $297,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in MHLD. Principal Financial Group Inc. boosted its stake in Maiden by 419.2% in 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 buying an additional 2,435,153 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Maiden by 1,714.1% in the second quarter. Thrivent Financial For Lutherans now owns 753,040 shares of the insurance provider’s stock valued at $8,359,000 after buying an additional 711,530 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Maiden by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,104,728 shares of the insurance provider’s stock valued at $78,863,000 after buying an additional 493,436 shares in the last quarter. Boston Partners boosted its stake in Maiden by 6.6% in the third quarter. Boston Partners now owns 4,877,487 shares of the insurance provider’s stock valued at $38,776,000 after buying an additional 302,529 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Maiden in the second quarter valued at about $2,419,000. 65.87% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Keefe, Bruyette & Woods Reiterates “Hold” Rating for Maiden (MHLD)” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://sportsperspectives.com/2017/12/08/keefe-bruyette-woods-reiterates-hold-rating-for-maiden-mhld.html.

About Maiden

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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