AmTrust Financial Services, Inc. (NASDAQ:AFSI) was downgraded by FBR & Co from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, MarketBeat reports. They currently have a $14.00 price target on the insurance provider’s stock. FBR & Co’s price objective indicates a potential upside of 1.45% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. JMP Securities began coverage on AmTrust Financial Services in a report on Friday, July 7th. They set an “outperform” rating and a $18.00 target price for the company. BidaskClub cut AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. TheStreet cut AmTrust Financial Services from a “c” rating to a “d” rating in a research report on Wednesday, July 19th. Finally, ValuEngine cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

AmTrust Financial Services (NASDAQ AFSI) traded down 5.51% on Tuesday, hitting $13.04. 854,965 shares of the stock traded hands. The company’s 50 day moving average price is $13.20 and its 200-day moving average price is $14.20. The stock has a market capitalization of $2.55 billion, a P/E ratio of 12.67 and a beta of 1.24. AmTrust Financial Services has a 12-month low of $11.36 and a 12-month high of $28.48.

AmTrust Financial Services (NASDAQ:AFSI) last posted its earnings results on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. AmTrust Financial Services had a return on equity of 14.26% and a net margin of 5.14%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. Analysts predict that AmTrust Financial Services will post $1.21 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of AmTrust Financial Services by 57.7% during the first quarter. SG Americas Securities LLC now owns 8,673 shares of the insurance provider’s stock worth $160,000 after purchasing an additional 3,173 shares during the last quarter. Alpha Cubed Investments LLC acquired a new position in shares of AmTrust Financial Services in the second quarter worth approximately $200,000. Raymond James Financial Services Advisors Inc. lifted its stake 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 worth $200,000 after acquiring an additional 506 shares during the period. Pacer Advisors Inc. lifted its stake in shares of AmTrust Financial Services by 3.4% in the second quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock worth $227,000 after acquiring an additional 495 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of AmTrust Financial Services by 1.4% in the first quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock worth $234,000 after acquiring an additional 172 shares during the period. Institutional investors own 36.80% of the company’s stock.

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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