AmTrust Financial Services Inc (NASDAQ:AFSI) saw strong trading volume on Thursday . 10,825,500 shares traded hands during trading, an increase of 385% from the previous session’s volume of 2,230,543 shares.The stock last traded at $12.69 and had previously closed at $10.15.

Several equities research analysts have weighed in on the company. FBR & Co downgraded AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Tuesday, October 24th. Zacks Investment Research upgraded AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. B. Riley restated a “neutral” rating and set a $12.00 price target on shares of AmTrust Financial Services in a report on Monday, November 6th. BidaskClub upgraded AmTrust Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, JMP Securities downgraded AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. AmTrust Financial Services currently has a consensus rating of “Hold” and a consensus target price of $14.71.

The firm has a market capitalization of $2,450.00, a price-to-earnings ratio of -39.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.53.

AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.29 billion. AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. sell-side analysts expect that AmTrust Financial Services Inc will post 0.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.36%. AmTrust Financial Services’s dividend payout ratio (DPR) is presently -212.50%.

In other news, SVP Ariel Gorelik bought 2,962 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of $9.33 per share, with a total value of $27,635.46. Following the transaction, the senior vice president now directly owns 5,977 shares in the company, valued at $55,765.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 50.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in AmTrust Financial Services by 20.3% during the 2nd quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock worth $60,748,000 after acquiring an additional 676,537 shares during the period. State Street Corp lifted its position in AmTrust Financial Services by 54.1% during the 2nd quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock worth $49,854,000 after acquiring an additional 1,156,431 shares during the period. Dimensional Fund Advisors LP lifted its position in 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 acquiring an additional 660,088 shares during the period. Northern Trust Corp lifted its position in AmTrust Financial Services by 93.7% during the 2nd quarter. Northern Trust Corp now owns 1,304,835 shares of the insurance provider’s stock worth $19,755,000 after acquiring an additional 631,314 shares during the period. Finally, Boston Partners lifted its position in AmTrust Financial Services by 2.6% during the 3rd quarter. Boston Partners now owns 1,262,810 shares of the insurance provider’s stock worth $16,997,000 after acquiring an additional 32,600 shares during the period. 33.68% of the stock is owned by hedge funds and other institutional investors.

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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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