AmTrust Financial Services, Inc. (AFSI) Receives Consensus Rating of “Hold” from Brokerages
AmTrust Financial Services, Inc. (NASDAQ:AFSI) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $19.50.
A number of research analysts have commented on AFSI shares. TheStreet cut shares of AmTrust Financial Services from a “b-” rating to a “c” rating in a research report on Monday, May 1st. BidaskClub upgraded shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.00 price target on shares of AmTrust Financial Services in a research report on Tuesday, May 2nd. FBR & Co reiterated an “outperform” rating and set a $22.00 price target (up from $16.00) on shares of AmTrust Financial Services in a research report on Friday, June 9th. Finally, ValuEngine cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
In other news, SVP Stephen Ungar sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $13.92, for a total value of $69,600.00. Following the transaction, the senior vice president now owns 175,256 shares in the company, valued at $2,439,563.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 50.80% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of AmTrust Financial Services during the first quarter valued at about $121,000. SG Americas Securities LLC boosted its position in shares of AmTrust Financial Services by 57.7% in the first quarter. SG Americas Securities LLC now owns 8,673 shares of the insurance provider’s stock valued at $160,000 after buying an additional 3,173 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of AmTrust Financial Services during the first quarter valued at about $170,000. Alpha Cubed Investments LLC purchased a new position in shares of AmTrust Financial Services during the second quarter valued at about $200,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of AmTrust Financial Services by 4.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock valued at $200,000 after buying an additional 506 shares in the last quarter. Hedge funds and other institutional investors own 47.52% of the company’s stock.
AmTrust Financial Services (NASDAQ:AFSI) traded down 1.14% during midday trading on Tuesday, reaching $13.90. 354,585 shares of the company’s stock were exchanged. The stock has a market cap of $2.72 billion, a PE ratio of 13.51 and a beta of 1.16. AmTrust Financial Services has a 12 month low of $11.80 and a 12 month high of $28.48. The firm has a 50 day moving average of $15.31 and a 200-day moving average of $17.70.
AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business earned $0.77 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts predict that AmTrust Financial Services will post $1.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Friday, September 29th. AmTrust Financial Services’s dividend payout ratio is 51.13%.
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AmTrust Financial Services Company Profile
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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