Raytheon Company (RTN) Reaches $216.52 After 7.00% Up Move; Maiden Holdings LTD (MHLD) Sentiment Is 0.7

March 23, 2018 - By Dolores Ford

Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. The company has market cap of $549.92 million. It operates in two divisions, Diversified Reinsurance and AmTrust Reinsurance. It currently has negative earnings. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.

The stock of Raytheon Company (NYSE:RTN) is a huge mover today! The stock increased 3.54% or $7.41 during the last trading session, reaching $216.52. About 756,765 shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since March 23, 2017 and is uptrending. It has outperformed by 7.33% the S&P500.The move comes after 9 months positive chart setup for the $62.47 billion company. It was reported on Mar, 23 by Barchart.com. We have $231.68 PT which if reached, will make NYSE:RTN worth $4.37B more.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 76 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Thursday, January 25 by Jefferies. The firm has “Top Pick” rating given on Friday, April 29 by RBC Capital Markets. Citigroup maintained Raytheon Company (NYSE:RTN) on Monday, October 9 with “Buy” rating. Bernstein maintained the shares of RTN in report on Monday, October 30 with “Outperform” rating. The company was upgraded on Monday, October 12 by JP Morgan. The stock has “Sell” rating by Zacks on Thursday, September 3. Robert W. Baird initiated the shares of RTN in report on Thursday, October 6 with “Outperform” rating. The firm has “Buy” rating by Wells Fargo given on Tuesday, November 28. As per Thursday, July 27, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Monday, September 18 by Cowen & Co.

Since October 2, 2017, it had 0 buys, and 11 insider sales for $23.68 million activity. Long Letitia A also sold $120,790 worth of Raytheon Company (NYSE:RTN) shares. On Monday, January 29 the insider Jimenez Frank R sold $718,217. 8,540 Raytheon Company (NYSE:RTN) shares with value of $1.84M were sold by Newsome Randa G. 12,820 shares valued at $2.77M were sold by WAJSGRAS DAVID C on Tuesday, February 13. $2.25 million worth of Raytheon Company (NYSE:RTN) was sold by O’Brien Anthony F. 12,951 Raytheon Company (NYSE:RTN) shares with value of $2.80M were sold by Lawrence Taylor W. $410,738 worth of Raytheon Company (NYSE:RTN) was sold by Wood Michael J.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on April, 26. They expect $2.08 EPS, up 20.23% or $0.35 from last year’s $1.73 per share. RTN’s profit will be $600.09 million for 26.02 P/E if the $2.08 EPS becomes a reality. After $2.03 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 2.46% EPS growth.

Investors sentiment decreased to 1.09 in Q3 2017. Its down 0.12, from 1.21 in 2017Q2. It dropped, as 42 investors sold Raytheon Company shares while 343 reduced holdings. 118 funds opened positions while 346 raised stakes. 205.51 million shares or 1.55% less from 208.75 million shares in 2017Q2 were reported. Folger Nolan Fleming Douglas Cap Mgmt Inc stated it has 2,900 shares. Zwj Investment Counsel owns 5,117 shares for 0.07% of their portfolio. 24,950 are owned by Chicago Equity Ptnrs Lc. Vident Inv Advisory Limited Com reported 0.03% of its portfolio in Raytheon Company (NYSE:RTN). 14,419 are held by Nuveen Asset Mngmt Lc. 2,539 were reported by Ifc Inc Fl. Glg Ltd Liability Company holds 14,181 shares or 0.17% of its portfolio. Martingale Asset Mgmt L P invested 0.48% in Raytheon Company (NYSE:RTN). Intrust Bank & Trust Na has 8,169 shares for 0.5% of their portfolio. Eqis Capital Inc reported 0.03% in Raytheon Company (NYSE:RTN). Argent Trust Commerce invested 0.26% of its portfolio in Raytheon Company (NYSE:RTN). Advisory Lc stated it has 0.25% of its portfolio in Raytheon Company (NYSE:RTN). 6,000 were accumulated by Kj Harrison & Prns. Salem Inv Counselors holds 284 shares or 0.01% of its portfolio. Meridian Invest Counsel holds 0.16% or 1,638 shares.

Raytheon Company develops technologically integrated products, services, and solutions worldwide. The company has market cap of $62.47 billion. It operates through five divisions: Integrated Defense Systems ; Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint. It has a 31.17 P/E ratio. The IDS segment provides integrated air and missile defense; land and sea radar solutions; command, control, communications, computers, cyber, and intelligence solutions; and naval combat and ship electronic systems.

Pacific Ridge Capital Partners Llc holds 0.5% of its portfolio in Maiden Holdings, Ltd. for 221,720 shares. Matarin Capital Management Llc owns 599,322 shares or 0.41% of their US portfolio. Moreover, Kennedy Capital Management Inc. has 0.16% invested in the company for 1.09 million shares. The New York-based Salzhauer Michael has invested 0.13% in the stock. Fca Corp Tx, a Texas-based fund reported 20,000 shares.

The stock decreased 1.12% or $0.075 during the last trading session, reaching $6.625. About 55,370 shares traded. Maiden Holdings, Ltd. (MHLD) has declined 14.45% since March 23, 2017 and is downtrending. It has underperformed by 31.15% the S&P500.

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