Virginia Retirement Systems ET AL lifted its holdings in Maiden Holdings (NASDAQ:MHLD) by 15.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,600 shares of the insurance provider’s stock after acquiring an additional 14,000 shares during the period. Virginia Retirement Systems ET AL owned 0.12% of Maiden worth $667,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in MHLD. Boston Partners lifted its holdings in shares of Maiden by 36.5% in the 4th quarter. Boston Partners now owns 6,658,265 shares of the insurance provider’s stock valued at $43,945,000 after acquiring an additional 1,780,778 shares during the last quarter. Kennedy Capital Management Inc. lifted its stake in Maiden by 16.9% in the fourth quarter. Kennedy Capital Management Inc. now owns 1,278,356 shares of the insurance provider’s stock worth $8,437,000 after purchasing an additional 184,776 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Maiden in the fourth quarter worth about $1,212,000. Two Sigma Investments LP lifted its stake in Maiden by 24.9% in the fourth quarter. Two Sigma Investments LP now owns 683,739 shares of the insurance provider’s stock worth $4,513,000 after purchasing an additional 136,192 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Maiden by 28.2% in the fourth quarter. Deutsche Bank AG now owns 463,232 shares of the insurance provider’s stock worth $3,056,000 after purchasing an additional 102,020 shares during the last quarter. 66.45% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the stock. BidaskClub downgraded shares of Maiden from a “buy” rating to a “hold” rating in a research note on Wednesday. JMP Securities downgraded shares of Maiden from an “outperform” rating to a “market perform” rating and set a $8.00 price objective for the company. in a research note on Tuesday. ValuEngine raised shares of Maiden from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Maiden from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Maiden currently has a consensus rating of “Hold” and an average price target of $9.00.
Maiden (NASDAQ:MHLD) last announced its quarterly earnings data on Wednesday, February 28th. The insurance provider reported ($1.65) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($1.84). The firm had revenue of $703.14 million during the quarter, compared to the consensus estimate of $720.40 million. Maiden had a negative return on equity of 19.36% and a negative net margin of 6.01%. sell-side analysts predict that Maiden Holdings will post 1.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 12th. Stockholders of record on Monday, July 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date of this dividend is Friday, June 29th. Maiden’s dividend payout ratio (DPR) is presently -27.78%.
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.
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