Analysts Set AmTrust Financial Services, Inc. (AFSI) Price Target at $19.50

AmTrust Financial Services, Inc. (NASDAQ:AFSI) has been given an average rating of “Hold” by the seven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $19.50.

A number of equities research analysts have weighed in on AFSI shares. ValuEngine downgraded AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub upgraded AmTrust Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. TheStreet downgraded AmTrust Financial Services from a “c” rating to a “d” rating in a research report on Wednesday, July 19th. Finally, JMP Securities started coverage on AmTrust Financial Services in a research report on Friday, July 7th. They issued an “outperform” rating and a $18.00 target price for the company.

AmTrust Financial Services (NASDAQ:AFSI) traded down 0.65% during trading on Wednesday, reaching $13.72. The company had a trading volume of 687,232 shares. The firm has a market capitalization of $2.69 billion, a P/E ratio of 13.33 and a beta of 1.24. AmTrust Financial Services has a 52-week low of $11.36 and a 52-week high of $28.48. The company has a 50-day moving average of $13.01 and a 200-day moving average of $14.64.

AmTrust Financial Services (NASDAQ:AFSI) last released its earnings results on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $1.37 billion during 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 for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. Analysts expect that AmTrust Financial Services will post $1.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a $0.17 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.68 dividend on an annualized basis and a yield of 4.96%. AmTrust Financial Services’s dividend payout ratio (DPR) is 51.13%.

WARNING: “Analysts Set AmTrust Financial Services, Inc. (AFSI) Price Target at $19.50” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/analysts-set-amtrust-financial-services-inc-afsi-price-target-at-19-50.html.

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of AmTrust Financial Services during the 1st quarter valued at $121,000. SG Americas Securities LLC lifted its position in shares of AmTrust Financial Services by 57.7% during the 1st quarter. SG Americas Securities LLC now owns 8,673 shares of the insurance provider’s stock valued at $160,000 after acquiring an additional 3,173 shares during the last quarter. Alpha Cubed Investments LLC acquired a new stake in shares of AmTrust Financial Services during the 2nd quarter valued at $200,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of AmTrust Financial Services by 4.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock valued at $200,000 after acquiring an additional 506 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of AmTrust Financial Services by 3.4% during the 2nd quarter. Pacer Advisors Inc. now owns

A number of equities research analysts have weighed in on AFSI shares. ValuEngine downgraded AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub upgraded AmTrust Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. TheStreet downgraded AmTrust Financial Services from a “c” rating to a “d” rating in a research report on Wednesday, July 19th. Finally, JMP Securities started coverage on AmTrust Financial Services in a research report on Friday, July 7th. They issued an “outperform” rating and a $18.00 target price for the company.

AmTrust Financial Services (NASDAQ:AFSI) traded down 0.65% during trading on Wednesday, reaching $13.72. The company had a trading volume of 687,232 shares. The firm has a market capitalization of $2.69 billion, a P/E ratio of 13.33 and a beta of 1.24. AmTrust Financial Services has a 52-week low of $11.36 and a 52-week high of $28.48. The company has a 50-day moving average of $13.01 and a 200-day moving average of $14.64.

AmTrust Financial Services (NASDAQ:AFSI) last released its earnings results on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $1.37 billion during 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 for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. Analysts expect that AmTrust Financial Services will post $1.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a $0.17 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.68 dividend on an annualized basis and a yield of 4.96%. AmTrust Financial Services’s dividend payout ratio (DPR) is 51.13%.

WARNING: “Analysts Set AmTrust Financial Services, Inc. (AFSI) Price Target at $19.50” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/analysts-set-amtrust-financial-services-inc-afsi-price-target-at-19-50.html.

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of AmTrust Financial Services during the 1st quarter valued at $121,000. SG Americas Securities LLC lifted its position in shares of AmTrust Financial Services by 57.7% during the 1st quarter. SG Americas Securities LLC now owns 8,673 shares of the insurance provider’s stock valued at $160,000 after acquiring an additional 3,173 shares during the last quarter. Alpha Cubed Investments LLC acquired a new stake in shares of AmTrust Financial Services during the 2nd quarter valued at $200,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of AmTrust Financial Services by 4.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock valued at $200,000 after acquiring an additional 506 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of AmTrust Financial Services by 3.4% during the 2nd quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock valued at $227,000 after acquiring an additional 495 shares during the last quarter. Institutional investors 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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