Principal Financial Group Inc. raised its stake in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 580,868 shares of the insurance provider’s stock after buying an additional 21,965 shares during the period. Principal Financial Group Inc.’s holdings in Maiden Holdings were worth $8,132,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. First Citizens Bank & Trust Co. acquired a new stake in Maiden Holdings during the first quarter valued at approximately $144,000. State of Alaska Department of Revenue increased its stake in Maiden Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,090 shares of the insurance provider’s stock valued at $113,000 after buying an additional 170 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Maiden Holdings by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 29,900 shares of the insurance provider’s stock valued at $419,000 after buying an additional 500 shares in the last quarter. TNB Financial acquired a new stake in Maiden Holdings during the first quarter valued at approximately $196,000. Finally, Teachers Advisors LLC increased its stake in Maiden Holdings by 6.6% in the fourth quarter. Teachers Advisors LLC now owns 115,490 shares of the insurance provider’s stock valued at $2,015,000 after buying an additional 7,134 shares in the last quarter. 67.95% of the stock is owned by institutional investors.
Shares of Maiden Holdings, Ltd. (MHLD) opened at 11.20 on Monday. The company’s 50 day moving average is $11.02 and its 200 day moving average is $14.43. Maiden Holdings, Ltd. has a 12-month low of $10.25 and a 12-month high of $18.95. The company has a market capitalization of $969.39 million, a P/E ratio of 186.67 and a beta of 1.19.
Maiden Holdings (NASDAQ:MHLD) last released its earnings results on Monday, May 8th. The insurance provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.12. Maiden Holdings had a net margin of 1.37% and a return on equity of 3.41%. The firm had revenue of $756.30 million during the quarter, compared to the consensus estimate of $647.60 million. During the same period in the prior year, the business posted $0.35 earnings per share. Maiden Holdings’s quarterly revenue was up 14.7% compared to the same quarter last year. Analysts expect that Maiden Holdings, Ltd. will post $1.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Monday, July 3rd will be paid a $0.15 dividend. The ex-dividend date is Thursday, June 29th. This represents a $0.60 annualized dividend and a dividend yield of 5.36%. Maiden Holdings’s dividend payout ratio is presently 400.00%.
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Several research firms have commented on MHLD. FBR & Co decreased their target price on shares of Maiden Holdings from $16.00 to $13.00 and set a “mkt perform” rating for the company in a research report on Monday, April 3rd. Zacks Investment Research downgraded shares of Maiden Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 5th. TheStreet downgraded shares of Maiden Holdings from a “b” rating to a “c+” rating in a research report on Monday, April 3rd. BidaskClub raised shares of Maiden Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $19.00 target price on shares of Maiden Holdings in a research report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.50.
About Maiden Holdings
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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