Maiden Holdings, Ltd. (NASDAQ:MHLD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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. “
A number of other research firms also recently commented on MHLD. BidaskClub upgraded Maiden Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. FBR & Co reiterated a “hold” rating and set a $13.00 target price on shares of Maiden Holdings in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $19.00 target price on shares of Maiden Holdings in a research report on Friday, June 9th. Finally, JMP Securities reiterated a “mkt outperform” rating and set a $9.00 target price on shares of Maiden Holdings in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Maiden Holdings has a consensus rating of “Hold” and a consensus target price of $11.50.
Shares of Maiden Holdings (MHLD) traded up 1.33% during midday trading on Tuesday, hitting $7.60. 409,711 shares of the stock were exchanged. The firm’s 50-day moving average is $8.48 and its 200 day moving average is $11.37. The firm’s market cap is $658.31 million. Maiden Holdings has a 52-week low of $6.25 and a 52-week high of $18.95.
Maiden Holdings (NASDAQ:MHLD) last posted its earnings results on Tuesday, August 8th. The insurance provider reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.43). The firm had revenue of $753.18 million for the quarter, compared to the consensus estimate of $740.30 million. Maiden Holdings had a negative net margin of 0.61% and a negative return on equity of 0.55%. On average, analysts forecast that Maiden Holdings will post $0.74 earnings per share for the current year.
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Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its stake in Maiden Holdings by 0.5% in the first quarter. Legal & General Group Plc now owns 126,462 shares of the insurance provider’s stock worth $1,769,000 after purchasing an additional 675 shares during the period. Swiss National Bank increased its stake in Maiden Holdings by 21.4% in the first quarter. Swiss National Bank now owns 120,700 shares of the insurance provider’s stock worth $1,690,000 after purchasing an additional 21,300 shares during the period. Principal Financial Group Inc. increased its stake in Maiden Holdings by 419.2% in the second quarter. Principal Financial Group Inc. now owns 3,016,021 shares of the insurance provider’s stock worth $33,479,000 after purchasing an additional 2,435,153 shares during the period. Rothschild Asset Management Inc. increased its stake in Maiden Holdings by 0.5% in the second quarter. Rothschild Asset Management Inc. now owns 267,029 shares of the insurance provider’s stock worth $2,964,000 after purchasing an additional 1,326 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Maiden Holdings by 49.5% in the first quarter. Bank of New York Mellon Corp now owns 1,593,854 shares of the insurance provider’s stock worth $22,314,000 after purchasing an additional 528,032 shares during the period. Institutional investors and hedge funds own 67.06% of the company’s stock.
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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