The AmTrust Financial Services Inc (AFSI) Rating Reiterated by Compass Point

The AmTrust Financial Services Inc (AFSI) Rating Reiterated by Compass Point

Several other equities analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a market perform rating and set a $16.00 price objective on shares of AmTrust Financial Services in a research report on Friday, May 12th. TheStreet cut shares of AmTrust Financial Services from a b- rating to a c rating in a research report on Monday, May 1st. FBR & Co reiterated a buy rating on shares of AmTrust Financial Services in a research report on Wednesday, April 12th. Zacks Investment Research cut shares of AmTrust Financial Services from a hold rating to a strong sell rating in a research report on Tuesday, February 28th. Finally, JMP Securities lowered their price target on shares of AmTrust Financial Services from $35.00 to $31.00 and set an outperform rating on the stock in a report on Tuesday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $24.50.

Compass Point restated their buy rating on shares of AmTrust Financial Services Inc (NASDAQ:AFSI) in a research report report published on Tuesday morning. Compass Point currently has a $22.00 price objective on the insurance provider’s stock, down from their prior price objective of $26.00.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, June 29th. AmTrust Financial Services’s dividend payout ratio is currently 29.44%. In other news, EVP Michael J. Saxon sold 9,000 shares of the business’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $22.08, for a total transaction of $198,720.00. Following the transaction, the executive vice president now directly owns 535,946 shares in the company, valued at approximately $11,833,687.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Stephen Ungar sold 5,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $13.08, for a total transaction of $65,400.00. Following the transaction, the senior vice president now owns 169,518 shares in the company, valued at $2,217,295.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,000 shares of company stock worth $450,870. 42.80% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in AmTrust Financial Services by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,821,559 shares of the insurance provider’s stock valued at $49,874,000 after buying an additional 143,936 shares in the last quarter. State Street Corp boosted its position in AmTrust Financial Services by 9.9% in the fourth quarter. State Street Corp now owns 1,701,228 shares of the insurance provider’s stock valued at $46,578,000 after buying an additional 153,102 shares in the last quarter. Syntal Capital Partners LLC bought a new position in AmTrust Financial Services during the fourth quarter valued at approximately $202,000. Comerica Bank bought a new position in AmTrust Financial Services during the fourth quarter valued at approximately $208,000. Finally, Burney Co. boosted its position in AmTrust Financial Services by 7.0% in the fourth quarter. Burney Co. now owns 51,090 shares of the insurance provider’s stock valued at $1,399,000 after buying an additional 3,355 shares in the last quarter. Institutional investors and hedge funds own 41.61% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AFSI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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