Maiden Holdings, Ltd. (NASDAQ:MHLD) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its stake in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 3.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,140,064 shares of the insurance provider’s stock after acquiring an additional 39,004 shares during the quarter. Northern Trust Corp owned approximately 1.32% of Maiden Holdings worth $12,655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its holdings in shares of Maiden Holdings by 0.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the insurance provider’s stock worth $333,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Maiden Holdings by 0.5% during the second quarter. Arizona State Retirement System now owns 38,400 shares of the insurance provider’s stock valued at $426,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of Maiden Holdings by 1.2% during the second quarter. Texas Permanent School Fund now owns 53,714 shares of the insurance provider’s stock valued at $596,000 after buying an additional 621 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Maiden Holdings by 0.5% during the first quarter. Legal & General Group Plc now owns 126,462 shares of the insurance provider’s stock valued at $1,769,000 after buying an additional 675 shares in the last quarter. Finally, Nwam LLC grew its holdings in shares of Maiden Holdings by 2.6% during the second quarter. Nwam LLC now owns 28,180 shares of the insurance provider’s stock valued at $313,000 after buying an additional 705 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

A number of brokerages have recently weighed in on MHLD. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $10.00 price target on shares of Maiden Holdings in a report on Friday, November 3rd. JMP Securities reiterated a “mkt outperform” rating and set a $9.00 price target on shares of Maiden Holdings in a report on Thursday, August 10th. B. Riley reiterated a “neutral” rating and set a $10.00 price target on shares of Maiden Holdings in a report on Monday, November 6th. FBR & Co reissued a “hold” rating and set a $11.00 price objective on shares of Maiden Holdings in a research report on Monday, September 25th. Finally, BidaskClub cut Maiden Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.00.

Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) opened at $6.92 on Friday. Maiden Holdings, Ltd. has a 12-month low of $6.25 and a 12-month high of $18.95. The company has a current ratio of 0.18, a quick ratio of 0.21 and a debt-to-equity ratio of 0.27.

Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.77). Maiden Holdings had a negative return on equity of 9.10% and a negative net margin of 3.95%. The company had revenue of $653.87 million during the quarter, compared to analyst estimates of $708.04 million. During the same period in the prior year, the firm earned $0.39 EPS. Maiden Holdings’s quarterly revenue was down 6.4% on a year-over-year basis. equities research analysts anticipate that Maiden Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a $0.15 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.67%. Maiden Holdings’s dividend payout ratio is currently -36.59%.

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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.

Institutional Ownership by Quarter for Maiden Holdings (NASDAQ:MHLD)

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