Wall Street brokerages expect AmTrust Financial Services Inc (NASDAQ:AFSI) to report earnings of $0.26 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for AmTrust Financial Services’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.21. AmTrust Financial Services reported earnings of $0.32 per share in the same quarter last year, which suggests a negative year over year growth rate of 18.8%. The firm is expected to report its next quarterly earnings results on Monday, June 25th.
On average, analysts expect that AmTrust Financial Services will report full-year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.30. For the next financial year, analysts anticipate that the firm will report earnings of $1.50 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that cover AmTrust Financial Services.
AFSI has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine upgraded shares of AmTrust Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. BidaskClub cut shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, February 24th. Compass Point cut shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Monday, February 26th. Finally, SunTrust Banks cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.29.
Shares of AFSI traded down $0.03 during trading hours on Friday, reaching $14.56. The stock had a trading volume of 4,808,076 shares, compared to its average volume of 1,768,823. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.43. AmTrust Financial Services has a 52 week low of $8.80 and a 52 week high of $16.37. The stock has a market cap of $2.88 billion, a P/E ratio of 13.86 and a beta of 1.29.
In other news, Chairman Barry D. Zyskind bought 2,945,113 shares of the stock in a transaction on Thursday, April 19th. The stock was purchased at an average price of $12.62 per share, for a total transaction of $37,167,326.06. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ariel Gorelik sold 5,707 shares of the stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $13.30, for a total value of $75,903.10. The disclosure for this sale can be found here. 50.80% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can increased its holdings in AmTrust Financial Services by 40.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 13,718 shares of the insurance provider’s stock worth $169,000 after purchasing an additional 3,954 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in AmTrust Financial Services by 35.9% during the 1st quarter. Russell Investments Group Ltd. now owns 15,074 shares of the insurance provider’s stock worth $186,000 after purchasing an additional 3,983 shares in the last quarter. Stifel Financial Corp increased its holdings in AmTrust Financial Services by 18.7% during the 1st quarter. Stifel Financial Corp now owns 25,636 shares of the insurance provider’s stock worth $316,000 after purchasing an additional 4,036 shares in the last quarter. First Trust Advisors LP increased its holdings in AmTrust Financial Services by 2.4% during the 4th quarter. First Trust Advisors LP now owns 323,960 shares of the insurance provider’s stock worth $3,262,000 after purchasing an additional 7,718 shares in the last quarter. Finally, Empire Life Investments Inc. increased its holdings in AmTrust Financial Services by 31.2% during the 4th quarter. Empire Life Investments Inc. now owns 33,468 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 7,962 shares in the last quarter. Hedge funds and other institutional investors own 28.92% of the company’s stock.
About AmTrust Financial Services
AmTrust Financial Services, Inc provides property and casualty insurance in the United States and internationally. The company operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment offers workers' compensation insurance products; and commercial package, and other property and casualty insurance products, such as commercial property, general liability, inland marine, employment practices liability, commercial automobile, and umbrella coverage to small businesses.
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