Loading...
Loading...
In a report published Thursday, Compass Point analyst Ken Billingsley reiterated a Buy rating and $16.00 price target on
Maiden Holdings, Ltd.MHLD.
In the report, Compass Point noted, "MHLD reported 4Q14 operating EPS of $0.44 versus the consensus and our estimate of $0.39. Diluted tangible book value per share (adjusted for converts) was $11.81 with an operating ROATE of 13.7%. Operating EPS was adjusted higher $0.09 per share related to the company's runoff E&S and NGHC quota share business that has been terminated. Topline growth exceeded expectations on the strong growth in the AmTrust segment, and the company has initiated a retro-reinsurance agreement to support growth in 2015. This could infer the company expects future premium growth in excess of our current expectations."
Maiden Holdings closed on Wednesday at $14.22.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in