Atlas Financial Holdings Inc (NASDAQ:AFH) – Research analysts at Boenning Scattergood increased their Q4 2018 EPS estimates for shares of Atlas Financial in a report issued on Tuesday, November 6th. Boenning Scattergood analyst R. Farnam now expects that the insurance provider will post earnings per share of $0.42 for the quarter, up from their prior estimate of $0.40. Boenning Scattergood currently has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Atlas Financial’s Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.45 EPS, FY2019 earnings at $1.80 EPS, Q1 2020 earnings at $0.49 EPS, Q2 2020 earnings at $0.50 EPS, Q3 2020 earnings at $0.51 EPS and FY2020 earnings at $2.00 EPS.
AFH has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Atlas Financial from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Tuesday, September 18th. ValuEngine upgraded shares of Atlas Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.33.
Atlas Financial (NASDAQ:AFH) last released its earnings results on Monday, November 5th. The insurance provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.19. Atlas Financial had a negative net margin of 16.44% and a negative return on equity of 50.03%. The company had revenue of $55.77 million during the quarter, compared to the consensus estimate of $52.00 million.
Several institutional investors have recently added to or reduced their stakes in AFH. Ariel Investments LLC raised its holdings in Atlas Financial by 22.6% in the 2nd quarter. Ariel Investments LLC now owns 1,629,226 shares of the insurance provider’s stock worth $14,256,000 after acquiring an additional 299,919 shares during the period. Tieton Capital Management LLC raised its holdings in Atlas Financial by 42.1% in the 2nd quarter. Tieton Capital Management LLC now owns 608,410 shares of the insurance provider’s stock worth $5,324,000 after acquiring an additional 180,200 shares during the period. Dimensional Fund Advisors LP raised its holdings in Atlas Financial by 20.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 461,970 shares of the insurance provider’s stock worth $4,042,000 after acquiring an additional 79,943 shares during the period. Granahan Investment Management Inc. MA raised its holdings in Atlas Financial by 25.9% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 349,284 shares of the insurance provider’s stock worth $3,056,000 after acquiring an additional 71,802 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Atlas Financial by 44.3% in the 2nd quarter. Renaissance Technologies LLC now owns 207,212 shares of the insurance provider’s stock worth $1,813,000 after acquiring an additional 63,629 shares during the period. Institutional investors and hedge funds own 76.91% of the company’s stock.
Atlas Financial Company Profile
Atlas Financial Holdings, Inc, through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States. Its automobile insurance products provide insurance coverage in three primary areas, including liability, accident benefits, and physical damage. The company focuses on the light commercial automobile sector, including taxi cabs, non-emergency para-transit, limousine, livery, and business autos.
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