The Manufacturers Life Insurance Company Buys Shares of 37,499 Maiden Holdings, Ltd. (NASDAQ:MHLD)

The Manufacturers Life Insurance Company purchased a new stake in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 37,499 shares of the insurance provider’s stock, valued at approximately $66,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MHLD. SG Americas Securities LLC raised its holdings in Maiden by 98.4% in the 3rd quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock valued at $51,000 after buying an additional 14,422 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Maiden by 8.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock valued at $460,000 after acquiring an additional 19,664 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Maiden by 20.1% during the second quarter. Bank of New York Mellon Corp now owns 285,665 shares of the insurance provider’s stock valued at $588,000 after acquiring an additional 47,710 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Maiden during the second quarter worth $369,000. 21.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Maiden from a “sell” rating to a “hold” rating in a report on Monday.

Maiden Trading Down 2.9 %

Shares of MHLD stock opened at $1.35 on Wednesday. The stock has a 50-day moving average of $1.64 and a 200-day moving average of $1.78. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22. The stock has a market cap of $134.08 million, a price-to-earnings ratio of -2.14 and a beta of 1.22. Maiden Holdings, Ltd. has a 1-year low of $1.19 and a 1-year high of $2.55.

Maiden (NASDAQ:MHLD) last released its earnings results on Tuesday, November 12th. The insurance provider reported ($0.16) earnings per share for the quarter. The firm had revenue of $18.28 million for the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%.

Maiden Profile

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty insurance and reinsurance solutions to regional and specialty insurers in Europe, North America, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The company writes treaties on a quota share basis and excess of loss basis.