Maiden (NASDAQ:MHLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
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. “
Other analysts have also issued research reports about the company. BidaskClub raised Maiden from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $7.00 target price on shares of Maiden in a report on Wednesday, December 6th. Finally, ValuEngine lowered Maiden from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Maiden has an average rating of “Hold” and a consensus target price of $10.40.
Institutional investors have recently bought and sold shares of the business. SeaCrest Wealth Management LLC bought a new stake in shares of Maiden in the 4th quarter worth $103,000. Unison Advisors LLC bought a new stake in shares of Maiden in the 4th quarter worth $114,000. Engineers Gate Manager LP bought a new stake in shares of Maiden in the third quarter worth $129,000. Virginia Retirement Systems ET AL bought a new stake in shares of Maiden in the third quarter worth $152,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Maiden in the fourth quarter worth $173,000. 62.65% of the stock is owned by institutional investors and hedge funds.
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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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