Trade Report: The Maiden Holdings Ltd. (MHLD) Rating Increased to Hold at Zacks Investment Research

The Maiden Holdings Ltd. (MHLD) Rating Increased to Hold at Zacks Investment Research

Maiden Holdings Ltd. (NASDAQ:MHLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

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. “

Separately, JMP Securities reissued a “buy” rating on shares of Maiden Holdings in a report on Tuesday, June 28th.

Shares of Maiden Holdings (NASDAQ:MHLD) opened at 13.37 on Wednesday. The firm has a 50-day moving average of $13.30 and a 200-day moving average of $13.01. Maiden Holdings has a one year low of $11.14 and a one year high of $16.10. The firm has a market capitalization of $989.61 million, a P/E ratio of 9.79 and a beta of 1.13.

Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. Maiden Holdings had a net margin of 5.14% and a return on equity of 13.98%. During the same period in the prior year, the firm earned $0.37 EPS. On average, equities analysts predict that Maiden Holdings will post $1.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Monday, October 3rd. Maiden Holdings’s payout ratio is 41.18%.

A number of large investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its stake in Maiden Holdings by 0.6% in the second quarter. US Bancorp DE now owns 11,933 shares of the company’s stock valued at $147,000 after buying an additional 73 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Maiden Holdings by 5.0% in the second quarter. Principal Financial Group Inc. now owns 14,000 shares of the company’s stock valued at $171,000 after buying an additional 665 shares during the last quarter. Schroder Investment Management Group boosted its stake in Maiden Holdings by 2.5% in the second quarter. Schroder Investment Management Group now owns 38,424 shares of the company’s stock valued at $470,000 after buying an additional 929 shares during the last quarter. Quantum Capital Management boosted its stake in Maiden Holdings by 8.4% in the first quarter. Quantum Capital Management now owns 13,224 shares of the company’s stock valued at $171,000 after buying an additional 1,021 shares during the last quarter. Finally, Hancock Holding Co. boosted its stake in Maiden Holdings by 1.9% in the second quarter. Hancock Holding Co. now owns 56,929 shares of the company’s stock valued at $697,000 after buying an additional 1,038 shares during the last quarter. Hedge funds and other institutional investors own 70.31% of the company’s stock.

Maiden Holdings Company Profile

Maiden Holdings, Ltd. (Maiden) is a holding company. The Company is focused 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. Maiden operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.

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