AmTrust Financial Services (NASDAQ:AFSI)‘s stock had its “hold” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday. They presently have a $10.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential downside of 0.20% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. SunTrust Banks reiterated a “buy” rating and issued a $16.00 price target on shares of AmTrust Financial Services in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. JMP Securities downgraded shares of AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, November 13th. Finally, B. Riley reiterated a “neutral” rating and issued a $12.00 price target on shares of AmTrust Financial Services in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. AmTrust Financial Services has a consensus rating of “Hold” and an average target price of $15.33.

AmTrust Financial Services (NASDAQ AFSI) traded down $0.03 during midday trading on Wednesday, hitting $10.02. 2,012,833 shares of the stock were exchanged, compared to its average volume of 2,008,185. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. AmTrust Financial Services has a 52 week low of $8.80 and a 52 week high of $28.48. The firm has a market capitalization of $1,960.00, a P/E ratio of 9.54 and a beta of 1.11.

AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. research analysts predict that AmTrust Financial Services will post 0.94 earnings per share for the current year.

In other news, SVP Ariel Gorelik acquired 2,962 shares of the stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $9.33 per share, for a total transaction of $27,635.46. Following the completion of the transaction, the senior vice president now directly owns 5,977 shares in the company, valued at $55,765.41. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 50.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AFSI. Rhumbline Advisers increased its holdings in shares of AmTrust Financial Services by 10.1% during the second quarter. Rhumbline Advisers now owns 178,400 shares of the insurance provider’s stock worth $2,701,000 after buying an additional 16,376 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in shares of AmTrust Financial Services by 166.4% during the second quarter. Riverhead Capital Management LLC now owns 98,909 shares of the insurance provider’s stock worth $1,498,000 after buying an additional 61,784 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of AmTrust Financial Services by 20.3% during the second quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock worth $60,748,000 after buying an additional 676,537 shares in the last quarter. State Street Corp increased its holdings in shares of AmTrust Financial Services by 54.1% during the second quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock worth $49,854,000 after buying an additional 1,156,431 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of AmTrust Financial Services by 1,273.6% during the second quarter. The Manufacturers Life Insurance Company now owns 69,324 shares of the insurance provider’s stock worth $1,050,000 after buying an additional 64,277 shares in the last quarter. Institutional investors and hedge funds own 33.65% of the company’s stock.

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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.

Analyst Recommendations for AmTrust Financial Services (NASDAQ:AFSI)

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