Shares of AmTrust Financial Services Inc (NASDAQ:AFSI) have received an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $14.17.
A number of research firms have weighed in on AFSI. FBR & Co downgraded AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a research report on Tuesday, October 24th. Zacks Investment Research raised shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday. B. Riley reaffirmed a “neutral” rating and issued a $12.00 price target on shares of AmTrust Financial Services in a research note on Monday, November 6th. Finally, BidaskClub raised shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd.
AmTrust Financial Services (AFSI) traded up $0.03 on Tuesday, reaching $12.73. The company’s stock had a trading volume of 350,248 shares, compared to its average volume of 1,660,892. The firm has a market capitalization of $2,518.94, a P/E ratio of -79.87 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.53. AmTrust Financial Services has a 12-month low of $8.80 and a 12-month high of $27.93.
In related news, SVP Ariel Gorelik bought 2,962 shares of AmTrust Financial Services stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $9.33 per share, for a total transaction of $27,635.46. Following the completion of the purchase, the senior vice president now owns 5,977 shares in the company, valued at $55,765.41. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 50.80% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of AmTrust Financial Services during the fourth quarter worth approximately $101,000. Unison Advisors LLC acquired a new stake in shares of AmTrust Financial Services during the fourth quarter worth approximately $119,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of AmTrust Financial Services during the third quarter worth approximately $135,000. Sapphire Star Partners LP acquired a new stake in shares of AmTrust Financial Services during the third quarter worth approximately $153,000. Finally, Paragon Capital Management Ltd acquired a new stake in shares of AmTrust Financial Services in the third quarter valued at approximately $165,000. 33.60% of the stock is owned by hedge funds and other institutional investors.
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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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