I've been looking at reinsurance stocks for a long time since it is a sector that is often covered by the rest, but the prices were overly premium, but the hurricanes that hit the Caribbean and Florida area helped create unprecedented shopping opportunities in this area .

Among the various reinsurance companies I chose as the most affordable Maiden Holding Ltd (ticker MHLD), that operates through two segments: Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment consists of a portfolio of property and casualty reinsurance business focusing on regional and specialty property, and casualty insurance companies located, primarily in the United States and Europe. AmTrust is a multinational specialty property and casualty insurance holding company with operations in the United States, Europe and Bermuda.

For the six months ended 30 June 2017, Maiden Holdings, Ltd. revenues increased 13% to $1.51B. Net loss applicable to common stockholders totaled $1.9M vs. income of $58.1M. Revenues reflect Net Investment Income increase of 15% to $82.7M. Net loss reflects Acquisition Cost Ratio -%-Am Trust increase of 2% to 32.3%, Commission and other acquisition expense increase of 13% to $432.1M.

Annually (31/12/2016) total revenue increased from 2.574 to 2.731 $, net income was down at 49,0 from 124,5 $. The estimated P/E 2017 is 11,20 with (at current prices) an interesting 7,84% dividend yield.

We think the damage caused by hurricanes is overly overestimated and that whenever this happens to us, the whole reinsurance sector will reappear.

We are therefore long on Maiden with a target price of $ 10.30.