AmTrust Financial Services Inc (NASDAQ:AFSI) saw unusually large options trading on Wednesday. Traders purchased 16,735 call options on the stock. This is an increase of 4,012% compared to the average volume of 407 call options.

AFSI has been the topic of several recent analyst reports. SunTrust Banks reissued a “buy” rating and issued a $16.00 target price on shares of AmTrust Financial Services in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub upgraded shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine lowered shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $10.00 price objective on shares of AmTrust Financial Services in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. AmTrust Financial Services has an average rating of “Hold” and an average price target of $14.71.

In other AmTrust Financial Services news, SVP Ariel Gorelik bought 2,962 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average cost of $9.33 per share, with a total value of $27,635.46. Following the completion of the purchase, the senior vice president now directly owns 5,977 shares of the company’s stock, valued at $55,765.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 50.80% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of AmTrust Financial Services by 3.4% during the second quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock valued at $227,000 after purchasing an additional 495 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of AmTrust Financial Services by 4.0% during 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 purchasing an additional 506 shares during the last quarter. BlueMountain Capital Management LLC lifted its holdings in shares of AmTrust Financial Services by 14.2% during the second quarter. BlueMountain Capital Management LLC now owns 18,234 shares of the insurance provider’s stock valued at $276,000 after purchasing an additional 2,264 shares during the last quarter. Menta Capital LLC lifted its holdings in shares of AmTrust Financial Services by 20.8% during the second quarter. Menta Capital LLC now owns 38,766 shares of the insurance provider’s stock valued at $587,000 after purchasing an additional 6,666 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of AmTrust Financial Services by 24.8% during the second quarter. Voya Investment Management LLC now owns 38,324 shares of the insurance provider’s stock valued at $580,000 after purchasing an additional 7,615 shares during the last quarter. Hedge funds and other institutional investors own 33.68% of the company’s stock.

Shares of AmTrust Financial Services (AFSI) opened at $13.01 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. AmTrust Financial Services has a 1-year low of $8.80 and a 1-year high of $27.93. The company has a market cap of $2,550.00, a PE ratio of -40.66 and a beta of 1.10.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.37). AmTrust Financial Services had a return on equity of 9.07% and a net margin of 0.49%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business earned $0.47 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. equities analysts anticipate that AmTrust Financial Services will post 0.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 5.23%. AmTrust Financial Services’s payout ratio is -212.50%.

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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.

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