Shares of AmTrust Financial Services Inc (NASDAQ:AFSI) have been assigned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $16.00.

AFSI has been the subject of a number of recent research reports. ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. JMP Securities downgraded shares of AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, November 13th. B. Riley reiterated a “neutral” rating and issued a $12.00 price target on shares of AmTrust Financial Services in a research note on Monday, November 6th. Zacks Investment Research downgraded shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, BidaskClub downgraded shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, August 11th.

Shares of AmTrust Financial Services (NASDAQ AFSI) traded up $0.12 during trading on Thursday, reaching $9.49. 1,734,034 shares of the company were exchanged, compared to its average volume of 2,023,084. AmTrust Financial Services has a one year low of $8.80 and a one year high of $28.48. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1,736.80, a P/E ratio of 8.36 and a beta of 1.20.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). AmTrust Financial Services had a return on equity of 9.07% and a net margin of 0.49%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. analysts predict that AmTrust Financial Services will post 0.94 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.17 per share. The ex-dividend date is Friday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 7.17%. AmTrust Financial Services’s dividend payout ratio is presently -424.97%.

In related news, SVP Ariel Gorelik acquired 2,962 shares of AmTrust Financial Services stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average price of $9.33 per share, for a total transaction of $27,635.46. Following the transaction, the senior vice president now owns 5,977 shares of the company’s stock, valued at $55,765.41. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 50.80% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Empire Life Investments Inc. lifted its position in shares of AmTrust Financial Services by 56.5% during the 3rd quarter. Empire Life Investments Inc. now owns 25,506 shares of the insurance provider’s stock worth $343,000 after buying an additional 9,209 shares during the last quarter. Elk Creek Partners LLC lifted its position in shares of AmTrust Financial Services by 13.7% during the 3rd quarter. Elk Creek Partners LLC now owns 221,263 shares of the insurance provider’s stock worth $2,978,000 after buying an additional 26,580 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of AmTrust Financial Services during the 3rd quarter worth approximately $135,000. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $36,324,000 after buying an additional 660,088 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of AmTrust Financial Services by 3.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 829,629 shares of the insurance provider’s stock worth $11,167,000 after buying an additional 23,818 shares during the last quarter. Institutional investors and hedge funds own 33.47% of the company’s stock.

WARNING: “AmTrust Financial Services Inc (AFSI) Receives $16.00 Average PT from Analysts” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/11/29/amtrust-financial-services-inc-afsi-receives-16-00-average-pt-from-analysts.html.

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.

Analyst Recommendations for AmTrust Financial Services (NASDAQ:AFSI)

Receive News & Stock Ratings for AmTrust Financial Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmTrust Financial Services Inc and related stocks with our FREE daily email newsletter.