Wunderlich Maintains Buy on Maiden Holdings (MHLD)

Wunderlich is out with its report today on Maiden Holdings (MHLD), maintaining Buy. In a note to clients, Wunderlich states, "Maiden Holdings Ltd. is expected to report 4Q and year-end 2010 results on Tuesday, March 1, after the market close. We anticipate 4Q10 will demonstrate strength in underwriting and contributions to the top line from recent acquisitions. However, we are lowering our 4Q10 EPS estimate to $0.25 from $0.31 to reflect a lower yield on the investment portfolio due to the decline in yields; our revised estimate is in line with the company's 4Q09 earnings. Our rating on MHLD shares remains Buy with a $9.00 price target." Shares of MHLD closed Friday at $7.93, up 2.59% from Thursday's close.