AmTrust Financial Services Inc (AFSI) Given Consensus Recommendation of “Hold” by Analysts

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.

AmTrust Financial Services (NASDAQ:AFSI) last released its earnings results on Thursday, August 9th. The insurance provider reported ($0.59) earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.86). The firm had revenue of $1.36 billion during the quarter. AmTrust Financial Services had a negative return on equity of 14.82% and a net margin of 2.56%. On average, analysts expect that AmTrust Financial Services will post 1.17 EPS for the current fiscal year.

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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