FBR & Co Weighs in on AmTrust Financial Services Inc.’s FY2018 Earnings (AFSI)
AmTrust Financial Services Inc. (NASDAQ:AFSI) – Equities researchers at FBR & Co issued their FY2018 EPS estimates for shares of AmTrust Financial Services in a research note issued on Wednesday. FBR & Co analyst R. Binner forecasts that the firm will post earnings of $3.50 per share for the year.
Separately, Zacks Investment Research raised shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Monday, November 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $41.50.
AmTrust Financial Services (NASDAQ:AFSI) traded down 3.25% during midday trading on Thursday, hitting $25.64. 1,891,768 shares of the stock were exchanged. AmTrust Financial Services has a 12-month low of $23.55 and a 12-month high of $32.22. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 11.09 and a beta of 1.08. The firm has a 50 day moving average of $26.40 and a 200-day moving average of $25.81.
AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.22 billion. AmTrust Financial Services had a net margin of 8.39% and a return on equity of 19.99%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 EPS.
Large investors have recently added to or reduced their stakes in the company. Cue Financial Group Inc. boosted its stake in AmTrust Financial Services by 0.3% in the third quarter. Cue Financial Group Inc. now owns 34,505 shares of the company’s stock valued at $926,000 after buying an additional 90 shares in the last quarter. Reliance Trust Co. of Delaware boosted its stake in AmTrust Financial Services by 1.1% in the second quarter. Reliance Trust Co. of Delaware now owns 13,306 shares of the company’s stock valued at $326,000 after buying an additional 151 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in AmTrust Financial Services by 1.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 18,245 shares of the company’s stock valued at $447,000 after buying an additional 244 shares in the last quarter. Legal & General Group Plc boosted its stake in AmTrust Financial Services by 4.4% in the second quarter. Legal & General Group Plc now owns 5,790 shares of the company’s stock valued at $142,000 after buying an additional 245 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in AmTrust Financial Services by 3.9% in the second quarter. Cubist Systematic Strategies LLC now owns 10,203 shares of the company’s stock valued at $250,000 after buying an additional 380 shares in the last quarter. 42.69% of the stock is currently owned by institutional investors.
In other AmTrust Financial Services news, Director Donald T. Decarlo sold 2,200 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $26.53, for a total transaction of $58,366.00. Following the sale, the director now directly owns 130,678 shares of the company’s stock, valued at approximately $3,466,887.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen Ungar sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $25.93, for a total transaction of $129,650.00. Following the sale, the senior vice president now directly owns 169,518 shares in the company, valued at $4,395,601.74. The disclosure for this sale can be found here. Company insiders own 42.80% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 2.65%. AmTrust Financial Services’s dividend payout ratio is currently 29.44%.
About AmTrust Financial Services
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.
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