KBW Reiterates Outperform on Maiden Holdings (MHLD)

KBW is out with its report today on Maiden Holdings (NASDAQ: MHLD), reiterating Outperform.

In a note to clients, KBW writes, "Maiden reported a 1Q11 beat on better than expected top-line growth, underwriting, and investment income. Maiden's low-hazard, non-CAT business focus resulted in another consistent earnings beat with no catastrophe losses. We are maintaining our EPS estimates and $10 target price, and we reiterate our Outperform rating."

Shares of MHLD closed Friday at $7.73, up 0.39% from Thursday's close.