Analysts Set AmTrust Financial Services Inc (AFSI) Price Target at $12.75

Shares of AmTrust Financial Services Inc (NASDAQ:AFSI) have been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $12.75.

Several equities research analysts have recently issued reports on AFSI shares. Zacks Investment Research raised shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating and set a $11.00 price objective for the company in a research report on Monday, January 8th. BidaskClub lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. ValuEngine lowered shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $10.00 price objective on shares of AmTrust Financial Services in a research report on Wednesday, December 6th. Finally, Compass Point lowered 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.

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AmTrust Financial Services stock opened at $12.31 on Wednesday. AmTrust Financial Services has a 52-week low of $8.80 and a 52-week high of $22.63. The firm has a market capitalization of $2,415.92, a PE ratio of 11.61 and a beta of 1.35. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.53.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend is Thursday, March 29th. AmTrust Financial Services’s payout ratio is 25.76%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AFSI. Dimensional Fund Advisors LP grew its holdings in AmTrust Financial Services by 32.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,698,536 shares of the insurance provider’s stock valued at $36,324,000 after purchasing an additional 660,088 shares in the last quarter. Guggenheim Capital LLC grew its holdings in AmTrust Financial Services by 277.8% during the 4th quarter. Guggenheim Capital LLC now owns 701,151 shares of the insurance provider’s stock valued at $7,061,000 after purchasing an additional 515,547 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in AmTrust Financial Services by 50.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,110,664 shares of the insurance provider’s stock valued at $11,185,000 after purchasing an additional 372,065 shares in the last quarter. Schroder Investment Management Group grew its holdings in AmTrust Financial Services by 845.2% during the 3rd quarter. Schroder Investment Management Group now owns 382,798 shares of the insurance provider’s stock valued at $5,244,000 after purchasing an additional 342,298 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in AmTrust Financial Services by 46.3% during the 4th quarter. Two Sigma Investments LP now owns 626,173 shares of the insurance provider’s stock valued at $6,306,000 after purchasing an additional 198,024 shares in the last quarter. 29.28% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for AmTrust Financial Services (NASDAQ:AFSI)

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