AmTrust Financial Services (AFSI) Receives “Hold” Rating from Keefe, Bruyette & Woods

AmTrust Financial Services (NASDAQ:AFSI)‘s stock had its “hold” rating restated by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday. They currently have a $10.00 price objective on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 0.20% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. FBR & Co cut AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research report on Tuesday, October 24th. Zacks Investment Research cut AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. SunTrust Banks reiterated a “buy” rating and set a $16.00 price objective on shares of AmTrust Financial Services in a research report on Friday, November 10th. ValuEngine cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, JMP Securities cut AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.33.

AmTrust Financial Services (NASDAQ:AFSI) traded down $0.03 during mid-day trading on Wednesday, reaching $10.02. The company’s stock had a trading volume of 2,012,833 shares, compared to its average volume of 2,008,185. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The company has a market cap of $1,960.00, a PE ratio of 9.54 and a beta of 1.11. AmTrust Financial Services has a 1 year low of $8.80 and a 1 year high of $28.48.

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

In related news, SVP Ariel Gorelik purchased 2,962 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $9.33 per share, for a total transaction of $27,635.46. Following the completion of the transaction, the senior vice president now owns 5,977 shares of the company’s stock, valued at $55,765.41. The purchase 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.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of AmTrust Financial Services by 20.3% in the second quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock worth $60,748,000 after purchasing an additional 676,537 shares during the period. State Street Corp increased its position in shares of AmTrust Financial Services by 54.1% in the second quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock worth $49,854,000 after purchasing an additional 1,156,431 shares during the period. Dimensional Fund Advisors LP increased its position in shares of AmTrust Financial Services by 32.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,698,536 shares of the insurance provider’s stock worth $36,324,000 after purchasing an additional 660,088 shares during the period. Denver Investment Advisors LLC increased its position in shares of AmTrust Financial Services by 47.7% in the second quarter. Denver Investment Advisors LLC now owns 2,262,970 shares of the insurance provider’s stock worth $34,261,000 after purchasing an additional 731,249 shares during the period. Finally, Northern Trust Corp increased its position in shares of AmTrust Financial Services by 93.7% in the second quarter. Northern Trust Corp now owns 1,304,835 shares of the insurance provider’s stock worth $19,755,000 after purchasing an additional 631,314 shares during the period. Institutional investors 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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