Maiden Holdings, Ltd. (NASDAQ:MHLD) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.25.
Several brokerages have recently commented on MHLD. FBR & Co decreased their price target on Maiden Holdings from $13.00 to $12.00 and set a “mkt perform” rating on the stock in a research note on Tuesday, July 11th. BidaskClub raised Maiden Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $19.00 price target on shares of Maiden Holdings in a research note on Friday, June 9th. TheStreet lowered Maiden Holdings from a “b” rating to a “c+” rating in a research note on Monday, April 3rd. Finally, Compass Point raised Maiden Holdings from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, May 10th.
Maiden Holdings (MHLD) traded up 0.45% during trading on Tuesday, hitting $11.05. The stock had a trading volume of 261,381 shares. The firm has a market cap of $956.41 million, a P/E ratio of 184.17 and a beta of 1.18. The stock’s 50 day moving average price is $11.02 and its 200 day moving average price is $14.43. Maiden Holdings has a 12-month low of $10.25 and a 12-month high of $18.95.
Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings results on Monday, May 8th. The insurance provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.12. The firm had revenue of $756.30 million for the quarter, compared to analysts’ expectations of $647.60 million. Maiden Holdings had a return on equity of 3.41% and a net margin of 1.37%. Maiden Holdings’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. On average, analysts anticipate that Maiden Holdings will post $1.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend was Thursday, June 29th. Maiden Holdings’s payout ratio is currently 400.00%.
A number of large investors have recently bought and sold shares of MHLD. Louisiana State Employees Retirement System raised its stake in Maiden Holdings by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the insurance provider’s stock worth $333,000 after buying an additional 100 shares during the last quarter. TNB Financial raised its stake in Maiden Holdings by 36.0% in the second quarter. TNB Financial now owns 19,046 shares of the insurance provider’s stock worth $211,000 after buying an additional 5,046 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Maiden Holdings by 79.5% in the second quarter. State of Alaska Department of Revenue now owns 14,523 shares of the insurance provider’s stock worth $161,000 after buying an additional 6,433 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Maiden Holdings by 29.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 25,600 shares of the insurance provider’s stock worth $358,000 after buying an additional 5,900 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its stake in Maiden Holdings by 18.8% in the first quarter. Tudor Investment Corp ET AL now owns 49,200 shares of the insurance provider’s stock worth $689,000 after buying an additional 7,800 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
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Maiden Holdings Company Profile
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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