Maiden Holdings (NASDAQ:MHLD) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.40.
A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $7.00 price objective on shares of Maiden in a research report on Wednesday, December 6th. BidaskClub cut Maiden from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Zacks Investment Research raised Maiden from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Finally, ValuEngine cut Maiden from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MHLD. Boston Partners grew its stake in shares of Maiden by 36.5% during the fourth quarter. Boston Partners now owns 6,658,265 shares of the insurance provider’s stock valued at $43,945,000 after buying an additional 1,780,778 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Maiden by 14.1% during the third quarter. Wells Fargo & Company MN now owns 1,577,213 shares of the insurance provider’s stock valued at $12,539,000 after buying an additional 194,708 shares during the last quarter. Kennedy Capital Management Inc. grew its stake in shares of Maiden by 16.9% during the fourth quarter. Kennedy Capital Management Inc. now owns 1,278,356 shares of the insurance provider’s stock valued at $8,437,000 after buying an additional 184,776 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Maiden in the fourth quarter worth approximately $1,212,000. Finally, Two Sigma Investments LP grew its stake in Maiden by 24.9% in the fourth quarter. Two Sigma Investments LP now owns 683,739 shares of the insurance provider’s stock worth $4,513,000 after purchasing an additional 136,192 shares in the last quarter. 66.16% of the stock is currently owned by hedge funds and other institutional investors.
Maiden (NASDAQ:MHLD) last issued its quarterly earnings data on Wednesday, February 28th. The insurance provider reported ($1.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($1.84). Maiden had a negative net margin of 5.82% and a negative return on equity of 16.99%. The company had revenue of $703.14 million for the quarter, compared to analysts’ expectations of $720.40 million. equities research analysts expect that Maiden will post 1.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.23%. Maiden’s dividend payout ratio is -27.78%.
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Maiden Company Profile
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.
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