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Legal & General Group Plc Has $1.77 Million Position in Maiden Holdings, Ltd. (MHLD)
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A number of other institutional investors have also made changes to their positions in the stock. State of Alaska Department of Revenue raised 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 during the period. First Citizens Bank & Trust Co. bought a new stake in shares of Maiden Holdings during the first quarter worth approximately $144,000. TFS Capital LLC bought a new stake in shares of Maiden Holdings during the first quarter worth approximately $163,000. TNB Financial bought a new stake in shares of Maiden Holdings during the first quarter worth approximately $196,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Maiden Holdings by 17.8% in the first quarter. BNP Paribas Arbitrage SA now owns 15,729 shares of the insurance provider’s stock worth $220,000 after buying an additional 2,376 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.
Shares of Maiden Holdings, Ltd. (NASDAQ MHLD) opened at 10.95 on Friday. The company has a market capitalization of $947.76 million, a price-to-earnings ratio of 182.50 and a beta of 1.19. Maiden Holdings, Ltd. has a one year low of $10.25 and a one year high of $18.95. The company’s 50 day moving average is $11.14 and its 200 day moving average is $13.76.
Maiden Holdings (NASDAQ:MHLD) last posted its quarterly earnings results on Monday, May 8th. The insurance provider reported $0.26 EPS 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 company had revenue of $756.30 million for the quarter, compared to analysts’ expectations of $647.60 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. Equities research analysts predict that Maiden Holdings, Ltd. will post $1.41 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Thursday, June 29th. Maiden Holdings’s dividend payout ratio is currently 400.00%.
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A number of equities research analysts recently commented on the stock. FBR & Co dropped their price objective on shares of Maiden Holdings from $13.00 to $12.00 and set a “mkt perform” rating on the stock in a report on Tuesday, July 11th. BidaskClub raised shares of Maiden Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $19.00 price objective on shares of Maiden Holdings in a research report on Friday, June 9th. Compass Point raised shares of Maiden Holdings from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, May 10th. Finally, TheStreet cut shares of Maiden Holdings from a “b” rating to a “c+” rating in a research note on Monday, April 3rd. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.25.
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.