Compass Point upgraded shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) from a neutral rating to a buy rating in a research report released on Wednesday, May 10th. The brokerage currently has $15.00 price objective on the insurance provider’s stock.
MHLD has been the subject of a number of other reports. Zacks Investment Research downgraded Maiden Holdings from a hold rating to a strong sell rating in a research report on Wednesday, April 5th. Keefe, Bruyette & Woods initiated coverage on Maiden Holdings in a research report on Tuesday, January 31st. They issued an outperform rating for the company. JMP Securities raised their price target on Maiden Holdings from $18.00 to $19.00 and gave the stock an outperform rating in a research report on Monday, January 23rd. FBR & Co decreased their target price on 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. Finally, TheStreet downgraded Maiden Holdings from a b rating to a c+ rating in a research report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. Maiden Holdings has an average rating of Buy and an average price target of $15.67.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings results on Monday, May 8th. The insurance provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.12. The company had revenue of $756.30 million during the quarter, compared to the consensus estimate of $647.60 million. Maiden Holdings had a return on equity of 13.56% and a net margin of 5.51%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share.
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Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Maiden Holdings by 60,759.0% in the first quarter. BlackRock Inc. now owns 7,940,270 shares of the insurance provider’s stock valued at $111,162,000 after buying an additional 7,927,223 shares during the period. BlackRock Fund Advisors raised its position in Maiden Holdings by 206.2% in the third quarter. BlackRock Fund Advisors now owns 4,294,171 shares of the insurance provider’s stock valued at $54,493,000 after buying an additional 2,891,873 shares during the period. Norges Bank bought a new position in Maiden Holdings during the fourth quarter valued at about $16,630,000. Boston Partners raised its position in Maiden Holdings by 14.4% in the first quarter. Boston Partners now owns 5,182,259 shares of the insurance provider’s stock valued at $72,552,000 after buying an additional 653,831 shares during the period. Finally, Bank of New York Mellon Corp raised its position 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 valued at $22,314,000 after buying an additional 528,032 shares during the period. Hedge funds and other institutional investors own 69.76% 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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