AmTrust Financial Services Inc (AFSI) Gains “Purchase” Rating from Compass Point

AmTrust Financial Services Inc (AFSI) Gains “Purchase” Rating from Compass Point

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

AFSI has been the subject of a number of other reports. Keefe, Bruyette & Woods reiterated a hold rating and set a $16.00 target price on shares of AmTrust Financial Services in a research report on Tuesday, May 2nd. JMP Securities lowered their target price on AmTrust Financial Services from $35.00 to $31.00 and set an outperform rating for the company in a research report on Tuesday, February 28th. FBR & Co reiterated an outperform rating and set a $33.00 target price on shares of AmTrust Financial Services in a research report on Tuesday, February 28th. Zacks Investment Research downgraded AmTrust Financial Services from a hold rating to a strong sell rating in a research report on Tuesday, February 28th. Finally, TheStreet downgraded AmTrust Financial Services from a b- rating to a c rating in a research report on Monday, May 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. AmTrust Financial Services currently has a consensus rating of Hold and a consensus price target of $24.50.

Shares of AmTrust Financial Services (NASDAQ AFSI) opened at 14.04 on Tuesday. The firm has a market capitalization of $2.40 billion, a PE ratio of 8.06 and a beta of 1.02. The stock’s 50 day moving average is $14.27 and its 200 day moving average is $22.11. AmTrust Financial Services has a 52-week low of $11.80 and a 52-week high of $28.48. AmTrust Financial Services also was the target of some unusual options trading activity on Wednesday. Investors purchased 8,491 put options on the company. This is an increase of 367% compared to the average daily volume of 1,820 put options.

AmTrust Financial Services (NASDAQ:AFSI) last announced its quarterly earnings data on Monday, May 8th. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.32. AmTrust Financial Services had a net margin of 8.39% and a return on equity of 19.81%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business earned $0.77 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that AmTrust Financial Services will post $1.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.84%. AmTrust Financial Services’s dividend payout ratio is currently 29.44%.

In other news, SVP Stephen Ungar sold 5,000 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $13.08, for a total transaction of $65,400.00. Following the completion of the transaction, the senior vice president now directly owns 169,518 shares in the company, valued at approximately $2,217,295.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael J. Saxon sold 9,000 shares of the stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $22.08, for a total value of $198,720.00. Following the transaction, the executive vice president now owns 535,946 shares of the company’s stock, valued at $11,833,687.68. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock valued at $450,870 over the last quarter. Corporate insiders own 42.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AFSI. Integrated Investment Consultants LLC purchased a new position in AmTrust Financial Services during the first quarter worth approximately $109,000. Quantbot Technologies LP bought a new stake in shares of AmTrust Financial Services during the first quarter worth about $121,000. SG Americas Securities LLC increased its stake in shares of AmTrust Financial Services by 57.7% in the first quarter. SG Americas Securities LLC now owns 8,673 shares of the insurance provider’s stock worth $160,000 after buying an additional 3,173 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of AmTrust Financial Services during the first quarter worth about $170,000. Finally, Syntal Capital Partners LLC bought a new stake in shares of AmTrust Financial Services during the fourth quarter worth about $202,000. Hedge funds and other institutional investors 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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