Shares of AmTrust Financial Services Inc (NASDAQ:AFSI) have earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $14.83.
Several analysts recently commented on AFSI shares. Keefe, Bruyette & Woods restated a “$14.58” rating and set a $14.75 price target on shares of AmTrust Financial Services in a report on Wednesday, July 18th. BidaskClub upgraded shares of AmTrust Financial Services from a “hold” rating to a “buy” rating in a report on Friday, October 26th. Finally, B. Riley raised their price target on shares of AmTrust Financial Services from $12.00 to $14.75 and gave the stock a “neutral” rating in a report on Tuesday, August 7th.
Shares of AmTrust Financial Services stock traded down $0.04 during trading on Thursday, hitting $14.30. The stock had a trading volume of 78,006 shares, compared to its average volume of 452,440. The company has a market cap of $2.83 billion, a P/E ratio of 13.58 and a beta of 1.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.54 and a quick ratio of 0.54. AmTrust Financial Services has a 1 year low of $8.80 and a 1 year high of $14.74.
Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its stake in shares of AmTrust Financial Services by 35.9% in the 1st quarter. Russell Investments Group Ltd. now owns 15,074 shares of the insurance provider’s stock valued at $186,000 after purchasing an additional 3,983 shares in the last quarter. Amalgamated Bank lifted its position in AmTrust Financial Services by 36.1% during the 2nd quarter. Amalgamated Bank now owns 15,298 shares of the insurance provider’s stock worth $223,000 after buying an additional 4,061 shares in the last quarter. Voya Investment Management LLC lifted its position in AmTrust Financial Services by 13.8% during the 2nd quarter. Voya Investment Management LLC now owns 42,344 shares of the insurance provider’s stock worth $617,000 after buying an additional 5,149 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in AmTrust Financial Services by 42.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 18,739 shares of the insurance provider’s stock worth $273,000 after buying an additional 5,600 shares in the last quarter. Finally, Harvest Management LLC acquired a new position in AmTrust Financial Services during the 2nd quarter worth about $146,000. Institutional investors and hedge funds own 37.00% 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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