Keefe, Bruyette & Woods reiterated their hold rating on shares of AmTrust Financial Services (NASDAQ:AFSI) in a report released on Wednesday, December 6th. The brokerage currently has a $10.00 price target on the insurance provider’s stock.
Other equities analysts have also recently issued reports about the company. SunTrust Banks restated a buy rating and set a $16.00 price objective on shares of AmTrust Financial Services in a research note on Friday, November 10th. Zacks Investment Research raised AmTrust Financial Services from a strong sell rating to a hold rating in a report on Tuesday, October 10th. ValuEngine lowered AmTrust Financial Services from a buy rating to a hold rating in a report on Friday, September 1st. JMP Securities lowered AmTrust Financial Services from an outperform rating to a market perform rating in a report on Monday, November 13th. Finally, B. Riley reaffirmed a neutral rating and set a $12.00 target price on shares of AmTrust Financial Services in a 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 assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $15.33.
AmTrust Financial Services (NASDAQ:AFSI) traded up $0.20 on Wednesday, reaching $10.20. 6,863,942 shares of the company were exchanged, compared to its average volume of 2,017,168. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.53. AmTrust Financial Services has a 12-month low of $8.80 and a 12-month high of $28.48. The firm has a market cap of $1,960.00, a P/E ratio of 9.46 and a beta of 1.11.
AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.37). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.29 billion. AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.47 EPS. analysts expect that AmTrust Financial Services will post 0.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date is Friday, December 29th. AmTrust Financial Services’s payout ratio is -212.50%.
In other AmTrust Financial Services news, SVP Ariel Gorelik purchased 2,962 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 5,977 shares in the company, valued at approximately $55,765.41. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 50.80% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI acquired a new stake in AmTrust Financial Services in the 3rd quarter valued at $135,000. Sapphire Star Partners LP acquired a new position in AmTrust Financial Services in the third quarter worth $153,000. Paragon Capital Management Ltd acquired a new position in AmTrust Financial Services in the third quarter worth $165,000. Symons Capital Management Inc. acquired a new position in AmTrust Financial Services in the third quarter worth $172,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in AmTrust Financial Services by 4.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock worth $200,000 after purchasing an additional 506 shares in the last quarter. Institutional investors and hedge funds own 33.68% 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.
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