TIAA CREF Investment Management LLC Increases Holdings in Maiden Holdings, Ltd. (MHLD)

TIAA CREF Investment Management LLC boosted its stake in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 70.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 424,692 shares of the insurance provider’s stock after acquiring an additional 175,434 shares during the period. TIAA CREF Investment Management LLC owned 0.49% of Maiden Holdings worth $4,714,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its position in Maiden Holdings by 0.3% in the second 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 period. Arizona State Retirement System raised its position in Maiden Holdings by 0.5% in the second quarter. Arizona State Retirement System now owns 38,400 shares of the insurance provider’s stock worth $426,000 after acquiring an additional 200 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Maiden Holdings by 1.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 36,580 shares of the insurance provider’s stock worth $512,000 after acquiring an additional 460 shares during the period. Texas Permanent School Fund raised its position in Maiden Holdings by 1.2% in the second quarter. Texas Permanent School Fund now owns 53,714 shares of the insurance provider’s stock worth $596,000 after acquiring an additional 621 shares during the period. Finally, Legal & General Group Plc raised its position in Maiden Holdings by 0.5% in the first 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 period. 68.66% of the stock is currently owned by institutional investors and hedge funds.

Maiden Holdings, Ltd. (MHLD) opened at 8.70 on Thursday. The stock’s market cap is $753.59 million. Maiden Holdings, Ltd. has a 1-year low of $6.25 and a 1-year high of $18.95. The stock has a 50 day moving average of $7.81 and a 200 day moving average of $10.10.

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 business had revenue of $753.18 million during the quarter, compared to the consensus estimate of $740.30 million. Equities analysts anticipate that Maiden Holdings, Ltd. will post $0.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.90%. The ex-dividend date was Friday, September 29th. Maiden Holdings’s dividend payout ratio (DPR) is presently -120.00%.

Several research firms have recently weighed in on MHLD. FBR & Co reiterated a “hold” rating and issued a $11.00 target price on shares of Maiden Holdings in a research note on Monday, September 25th. Zacks Investment Research upgraded shares of Maiden Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Keefe, Bruyette & Woods downgraded shares of Maiden Holdings from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $17.00 to $10.00 in a research note on Thursday, August 10th. JMP Securities reiterated a “mkt outperform” rating and issued a $9.00 target price on shares of Maiden Holdings in a research note on Thursday, August 10th. Finally, BidaskClub downgraded shares of Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $11.25.

ILLEGAL ACTIVITY NOTICE: “TIAA CREF Investment Management LLC Increases Holdings in Maiden Holdings, Ltd. (MHLD)” was originally reported by Th

A number of other hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its position in Maiden Holdings by 0.3% in the second 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 period. Arizona State Retirement System raised its position in Maiden Holdings by 0.5% in the second quarter. Arizona State Retirement System now owns 38,400 shares of the insurance provider’s stock worth $426,000 after acquiring an additional 200 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Maiden Holdings by 1.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 36,580 shares of the insurance provider’s stock worth $512,000 after acquiring an additional 460 shares during the period. Texas Permanent School Fund raised its position in Maiden Holdings by 1.2% in the second quarter. Texas Permanent School Fund now owns 53,714 shares of the insurance provider’s stock worth $596,000 after acquiring an additional 621 shares during the period. Finally, Legal & General Group Plc raised its position in Maiden Holdings by 0.5% in the first 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 period. 68.66% of the stock is currently owned by institutional investors and hedge funds.

Maiden Holdings, Ltd. (MHLD) opened at 8.70 on Thursday. The stock’s market cap is $753.59 million. Maiden Holdings, Ltd. has a 1-year low of $6.25 and a 1-year high of $18.95. The stock has a 50 day moving average of $7.81 and a 200 day moving average of $10.10.

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 business had revenue of $753.18 million during the quarter, compared to the consensus estimate of $740.30 million. Equities analysts anticipate that Maiden Holdings, Ltd. will post $0.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.90%. The ex-dividend date was Friday, September 29th. Maiden Holdings’s dividend payout ratio (DPR) is presently -120.00%.

Several research firms have recently weighed in on MHLD. FBR & Co reiterated a “hold” rating and issued a $11.00 target price on shares of Maiden Holdings in a research note on Monday, September 25th. Zacks Investment Research upgraded shares of Maiden Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Keefe, Bruyette & Woods downgraded shares of Maiden Holdings from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $17.00 to $10.00 in a research note on Thursday, August 10th. JMP Securities reiterated a “mkt outperform” rating and issued a $9.00 target price on shares of Maiden Holdings in a research note on Thursday, August 10th. Finally, BidaskClub downgraded shares of Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $11.25.

ILLEGAL ACTIVITY NOTICE: “TIAA CREF Investment Management LLC Increases Holdings in Maiden Holdings, Ltd. (MHLD)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/19/tiaa-cref-investment-management-llc-increases-holdings-in-maiden-holdings-ltd-mhld.html.

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.

Want to see what other hedge funds are holding MHLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maiden Holdings, Ltd. (NASDAQ:MHLD).

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

Receive News & Ratings for Maiden Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maiden Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply