Shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.50.

A number of research firms have recently issued reports on AFSI. TheStreet cut shares of AmTrust Financial Services from a “c” rating to a “d” rating in a research report on Wednesday, July 19th. BidaskClub raised shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. JMP Securities began coverage on shares of AmTrust Financial Services in a research report on Friday, July 7th. They set an “outperform” rating and a $18.00 price objective on the stock. FBR & Co reissued an “outperform” rating and set a $22.00 price objective (up previously 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.

AmTrust Financial Services (NASDAQ:AFSI) traded up 1.65% on Friday, reaching $11.72. The company’s stock had a trading volume of 1,127,661 shares. AmTrust Financial Services has a 12 month low of $11.36 and a 12 month high of $28.48. The stock’s 50 day moving average price is $14.16 and its 200 day moving average price is $16.01. The company has a market cap of $2.29 billion, a P/E ratio of 11.39 and a beta of 1.21.

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 the Zacks’ consensus estimate of $0.36 by $0.04. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share. Equities research analysts forecast that AmTrust Financial Services will post $1.41 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.68 annualized dividend and a yield of 5.80%. AmTrust Financial Services’s payout ratio is 51.13%.

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In related news, SVP Stephen Ungar sold 5,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,439,563.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 50.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning lifted its position in AmTrust Financial Services by 0.3% in the 2nd quarter. Creative Planning now owns 15,913 shares of the insurance provider’s stock valued at $241,000 after acquiring an additional 41 shares in the last quarter. Amalgamated Bank lifted its position in AmTrust Financial Services by 1.4% in the 1st quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock valued at $234,000 after acquiring an additional 172 shares in the last quarter. Parsons Capital Management Inc. RI lifted its position in AmTrust Financial Services by 0.7% in the 1st quarter. Parsons Capital Management Inc. RI now owns 58,329 shares of the insurance provider’s stock valued at $1,077,000 after acquiring an additional 388 shares in the last quarter. Pacer Advisors Inc. lifted its position in AmTrust Financial Services by 3.4% in the 2nd quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock valued at $227,000 after acquiring an additional 495 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in AmTrust Financial Services by 4.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock valued at $200,000 after acquiring an additional 506 shares in the last quarter. 39.43% of the stock is currently owned by institutional investors and hedge funds.

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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