AmTrust Financial Services, Inc. (AFSI) Given Consensus Recommendation of “Hold” by Brokerages
Shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $19.50.
Several analysts have weighed in on the company. BidaskClub upgraded AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine lowered AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, September 1st. JMP Securities assumed coverage on AmTrust Financial Services in a research note on Friday, July 7th. They issued an “outperform” rating and a $18.00 price objective for the company. FBR & Co restated an “outperform” rating and issued a $22.00 price objective (up from $16.00) on shares of AmTrust Financial Services in a research note on Friday, June 9th. Finally, TheStreet downgraded AmTrust Financial Services from a “c” rating to a “d” rating in a report on Wednesday, July 19th.
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Shares of AmTrust Financial Services (NASDAQ AFSI) traded down 2.62% during midday trading on Wednesday, reaching $13.75. 434,987 shares of the company traded hands. The company has a 50 day moving average price of $13.02 and a 200 day moving average price of $14.68. AmTrust Financial Services has a 1-year low of $11.36 and a 1-year high of $28.48. The company has a market capitalization of $2.69 billion, a PE ratio of 13.36 and a beta of 1.24.
AmTrust Financial Services (NASDAQ:AFSI) last released its earnings results on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. AmTrust Financial Services had a return on equity of 14.26% and a net margin of 5.14%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. On average, analysts expect that AmTrust Financial Services will post $1.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a dividend of $0.17 per share. The ex-dividend date is Friday, September 29th. This represents a $0.68 dividend on an annualized basis and a yield of 4.82%. AmTrust Financial Services’s dividend payout ratio is presently 51.13%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in shares of AmTrust Financial Services by 44.3% in the 1st quarter. Russell Investments Group Ltd. now owns 102,477 shares of the insurance provider’s stock valued at $1,891,000 after buying an additional 31,455 shares during the period. Empire Life Investments Inc. boosted its stake in shares of AmTrust Financial Services by 4.6% in the first quarter. Empire Life Investments Inc. now owns 16,297 shares of the insurance provider’s stock worth $300,000 after buying an additional 723 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AmTrust Financial Services by 7.6% in the first quarter. Bank of New York Mellon Corp now owns 620,497 shares of the insurance provider’s stock worth $11,455,000 after buying an additional 43,615 shares during the last quarter. Swiss National Bank boosted its stake in shares of AmTrust Financial Services by 1.6% in the first quarter. Swiss National Bank now owns 140,480 shares of the insurance provider’s stock worth $2,593,000 after buying an additional 2,200 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of AmTrust Financial Services in the first quarter worth about $379,000. Institutional investors and hedge funds own 36.82% of the company’s stock.
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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