AmTrust Financial Services, Inc. (NASDAQ:AFSI) was downgraded by stock analysts at TheStreet from a “c” rating to a “d” rating in a report issued on Wednesday.

AFSI has been the subject of several other reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 price target on shares of AmTrust Financial Services in a report on Tuesday, May 2nd. BidaskClub upgraded AmTrust Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. ValuEngine cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. FBR & Co reissued a “buy” rating on shares of AmTrust Financial Services in a research note on Wednesday, April 12th. Finally, Compass Point reissued a “buy” rating and set a $22.00 price objective (down from $26.00) on shares of AmTrust Financial Services in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $19.50.

AmTrust Financial Services (NASDAQ:AFSI) traded down 1.53% during midday trading on Wednesday, hitting $15.48. The company had a trading volume of 1,466,887 shares. AmTrust Financial Services has a 52-week low of $11.80 and a 52-week high of $28.48. The stock has a market cap of $2.65 billion, a PE ratio of 8.88 and a beta of 1.15. The stock’s 50-day moving average price is $14.50 and its 200-day moving average price is $19.12.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Monday, May 8th. The insurance provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.32. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.35 billion. AmTrust Financial Services had a net margin of 7.55% and a return on equity of 17.24%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. On average, equities research analysts expect that AmTrust Financial Services will post $1.59 EPS for the current fiscal year.

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In related news, SVP Stephen Ungar sold 5,000 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $13.92, for a total transaction of $69,600.00. Following the completion of the sale, the senior vice president now directly owns 175,256 shares of the company’s stock, valued at approximately $2,439,563.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 42.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board raised its stake in shares of AmTrust Financial Services by 104.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,300 shares of the insurance provider’s stock worth $111,000 after buying an additional 2,200 shares during the period. Huntington National Bank raised its stake in AmTrust Financial Services by 49.0% in the second quarter. Huntington National Bank now owns 4,758 shares of the insurance provider’s stock valued at $117,000 after buying an additional 1,564 shares during the period. Schroder Investment Management Group acquired a new stake in AmTrust Financial Services during the second quarter valued at $132,000. Legal & General Group Plc raised its stake in AmTrust Financial Services by 107.8% in the first quarter. Legal & General Group Plc now owns 5,545 shares of the insurance provider’s stock valued at $143,000 after buying an additional 2,876 shares during the period. Finally, Creative Planning raised its stake in AmTrust Financial Services by 53.2% in the fourth quarter. Creative Planning now owns 5,736 shares of the insurance provider’s stock valued at $353,000 after buying an additional 1,991 shares during the period. 45.56% of the stock is owned by institutional investors.

About AmTrust Financial Services

Amtrust Financial Services, Inc (AmTrust) is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business.

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