Parametric Portfolio Associates LLC trimmed its stake in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 15.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,969 shares of the insurance provider’s stock after selling 59,361 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.36% of Maiden Holdings worth $3,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Maiden Holdings by 419.2% during the 2nd quarter. Principal Financial Group Inc. now owns 3,016,021 shares of the insurance provider’s stock worth $33,479,000 after acquiring an additional 2,435,153 shares during the last quarter. Cipher Capital LP grew its position in Maiden Holdings by 87.5% during the 2nd quarter. Cipher Capital LP now owns 127,486 shares of the insurance provider’s stock worth $1,415,000 after acquiring an additional 59,502 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Maiden Holdings during the 2nd quarter worth approximately $1,247,000. Legal & General Group Plc grew its position in Maiden Holdings by 0.5% during the 1st quarter. Legal & General Group Plc now owns 126,462 shares of the insurance provider’s stock worth $1,769,000 after acquiring an additional 675 shares during the last quarter. Finally, Rothschild Asset Management Inc. grew its position in Maiden Holdings by 0.5% during the 2nd quarter. Rothschild Asset Management Inc. now owns 267,029 shares of the insurance provider’s stock worth $2,964,000 after acquiring an additional 1,326 shares during the last quarter. Institutional investors and hedge funds own 68.67% of the company’s stock.
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Maiden Holdings, Ltd. (MHLD) opened at 8.25 on Wednesday. The company’s 50-day moving average price is $8.15 and its 200 day moving average price is $9.78. Maiden Holdings, Ltd. has a 52-week low of $6.25 and a 52-week high of $18.95. The company’s market capitalization is $714.61 million.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.43). Maiden Holdings had a negative return on equity of 0.55% and a negative net margin of 0.61%. The company had revenue of $753.18 million for the quarter, compared to the consensus estimate of $740.30 million. On average, equities analysts expect that Maiden Holdings, Ltd. will post $0.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.27%. Maiden Holdings’s dividend payout ratio is -120.00%.
Several equities analysts recently issued reports on MHLD shares. FBR & Co restated a “hold” rating and set a $11.00 price target on shares of Maiden Holdings in a research report on Monday, September 25th. Zacks Investment Research upgraded Maiden Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Keefe, Bruyette & Woods lowered Maiden Holdings from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $17.00 to $10.00 in a research report on Thursday, August 10th. JMP Securities restated a “mkt outperform” rating and set a $9.00 price target on shares of Maiden Holdings in a research report on Thursday, August 10th. Finally, BidaskClub lowered Maiden Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $11.25.
Maiden Holdings 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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