FBR & Co reissued their hold rating on shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) in a report published on Wednesday morning. The firm currently has a $16.00 price target on the stock.
“We have updated our estimates following the 4Q16 earnings beat versus our model. The better 4Q16 results versus our forecast came from lower losses following the preannounced reserve charge and higher top line and investment income. We are maintaining our EPS estimates for 2017 and 2018 of $1.85 and $2.10, respectively, as better top line and investment income offset a higher expense ratio due to business mix shift.”,” FBR & Co’s analyst wrote.
Several other equities research analysts also recently commented on MHLD. Keefe, Bruyette & Woods began coverage on shares of Maiden Holdings in a research report on Tuesday, January 31st. They set an outperform rating on the stock. JMP Securities lifted their target price on shares of Maiden Holdings from $18.00 to $19.00 and gave the stock an outperform rating in a research report on Monday, January 23rd. Finally, Compass Point downgraded shares of Maiden Holdings from a buy rating to a neutral rating in a research report on Wednesday, January 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Maiden Holdings has a consensus rating of Hold and an average target price of $17.50.
Maiden Holdings (NASDAQ:MHLD) traded down 1.95% on Wednesday, hitting $15.05. 133,767 shares of the stock traded hands. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 79.21 and a beta of 1.17. The stock has a 50-day moving average price of $17.43 and a 200 day moving average price of $15.54. Maiden Holdings has a 1-year low of $11.64 and a 1-year high of $18.95.
Maiden Holdings (NASDAQ:MHLD) last posted its earnings results on Monday, February 27th. The company reported ($0.81) EPS for the quarter, topping the consensus estimate of ($0.98) by $0.17. Maiden Holdings had a net margin of 5.51% and a return on equity of 13.56%. The business had revenue of $616.30 million for the quarter, compared to the consensus estimate of $593.80 million. During the same period last year, the company earned $0.34 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Maiden Holdings will post $1.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Monday, April 3rd will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, March 30th. This represents a $0.60 annualized dividend and a yield of 3.91%. Maiden Holdings’s payout ratio is 41.10%.
In other Maiden Holdings news, insider Lawrence F. Metz sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $17.65, for a total transaction of $35,300.00. Following the completion of the transaction, the insider now owns 8,887 shares in the company, valued at approximately $156,855.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Raymond Michael Neff sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $17.61, for a total transaction of $880,500.00. Following the transaction, the director now owns 186,676 shares of the company’s stock, valued at approximately $3,287,364.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,000 shares of company stock valued at $950,760. Company insiders own 7.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its position in Maiden Holdings by 21.2% in the second quarter. Teacher Retirement System of Texas now owns 8,235 shares of the company’s stock valued at $101,000 after buying an additional 1,440 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Maiden Holdings by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 729,722 shares of the company’s stock valued at $8,932,000 after buying an additional 3,858 shares during the last quarter. Naples Global Advisors LLC raised its position in Maiden Holdings by 3.0% in the third quarter. Naples Global Advisors LLC now owns 66,088 shares of the company’s stock valued at $839,000 after buying an additional 1,900 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Maiden Holdings during the third quarter valued at about $353,000. Finally, Nwam LLC raised its position in Maiden Holdings by 3.1% in the third quarter. Nwam LLC now owns 27,432 shares of the company’s stock valued at $348,000 after buying an additional 826 shares during the last quarter. Hedge funds and other institutional investors own 69.76% of the company’s stock.
About Maiden Holdings
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.