AmTrust Financial Services (AFSI) Given New $14.75 Price Target at B. Riley
AmTrust Financial Services (NASDAQ:AFSI) had its price objective raised by B. Riley from $12.00 to $14.75 in a report published on Tuesday. B. Riley currently has a neutral rating on the insurance provider’s stock.
A number of other analysts have also weighed in on the stock. BidaskClub raised shares of AmTrust Financial Services from a sell rating to a hold rating in a report on Tuesday, July 31st. Keefe, Bruyette & Woods reaffirmed a $14.58 rating and set a $14.75 target price on shares of AmTrust Financial Services in a report on Wednesday, July 18th. Zacks Investment Research raised shares of AmTrust Financial Services from a strong sell rating to a hold rating in a report on Monday, June 18th. TheStreet raised shares of AmTrust Financial Services from a d+ rating to a c+ rating in a report on Monday, June 4th. Finally, ValuEngine lowered shares of AmTrust Financial Services from a buy rating to a hold rating in a report on Friday, June 1st. Eight research analysts have rated the stock with a hold rating, AmTrust Financial Services presently has a consensus rating of Hold and a consensus price target of $14.92.
Shares of AmTrust Financial Services traded up $0.01, reaching $14.58, during midday trading on Tuesday, Marketbeat Ratings reports. The company had a trading volume of 11,756 shares, compared to its average volume of 664,471. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.53 and a quick ratio of 0.53. AmTrust Financial Services has a 1-year low of $8.80 and a 1-year high of $16.13.
In other AmTrust Financial Services news, SVP Ariel Gorelik sold 4,244 shares of AmTrust Financial Services stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $14.54, for a total transaction of $61,707.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 50.80% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its position in shares of AmTrust Financial Services by 32.9% during the fourth quarter. Two Sigma Advisers LP now owns 105,313 shares of the insurance provider’s stock worth $1,061,000 after purchasing an additional 26,086 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of AmTrust Financial Services during the fourth quarter worth $408,000. Xact Kapitalforvaltning AB bought a new position in shares of AmTrust Financial Services during the fourth quarter worth $117,000. Dupont Capital Management Corp bought a new position in shares of AmTrust Financial Services during the first quarter worth $1,221,000. Finally, SG Americas Securities LLC boosted its position in shares of AmTrust Financial Services by 229.2% during the first quarter. SG Americas Securities LLC now owns 293,601 shares of the insurance provider’s stock worth $3,614,000 after purchasing an additional 204,413 shares in the last quarter. 29.01% of the stock is owned by hedge funds and other institutional investors.
AmTrust Financial Services Company Profile
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.
Featured Story: What is the Book Value of a Share?
Receive News & Ratings for AmTrust Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmTrust Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.