AmTrust Financial Services, Inc. (NASDAQ:AFSI) – Analysts at SunTrust Banks lowered their Q3 2017 earnings per share estimates for AmTrust Financial Services in a research report issued to clients and investors on Monday, according to Zacks Investment Research. SunTrust Banks analyst M. Hughes now expects that the insurance provider will earn $0.05 per share for the quarter, down from their prior estimate of $0.26. SunTrust Banks currently has a “Buy” rating and a $16.00 target price on the stock.
A number of other research analysts have also recently issued reports on AFSI. B. Riley reiterated a “neutral” rating and issued a $12.00 target price on shares of AmTrust Financial Services in a research report on Monday, November 6th. BidaskClub cut AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Friday, August 11th. TheStreet cut AmTrust Financial Services from a “c” rating to a “d” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, ValuEngine cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. AmTrust Financial Services presently has an average rating of “Hold” and a consensus target price of $16.33.
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AmTrust Financial Services (NASDAQ:AFSI) traded down $0.60 during trading on Thursday, reaching $10.30. The company’s stock had a trading volume of 2,350,100 shares, compared to its average volume of 2,031,966. AmTrust Financial Services has a 1 year low of $10.27 and a 1 year high of $28.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market capitalization of $2,136.69, a PE ratio of 10.28 and a beta of 1.20.
AmTrust Financial Services (NASDAQ:AFSI) last released its earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.37). AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.13%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The business’s revenue was up 4.3% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend is Friday, December 29th. AmTrust Financial Services’s payout ratio is presently -424.97%.
A number of hedge funds have recently made changes to their positions in AFSI. Empire Life Investments Inc. boosted its holdings in AmTrust Financial Services by 4.6% in the first quarter. Empire Life Investments Inc. now owns 16,297 shares of the insurance provider’s stock valued at $300,000 after acquiring an additional 723 shares during the last quarter. Karp Capital Management Corp bought a new stake in AmTrust Financial Services in the first quarter valued at approximately $379,000. SG Americas Securities LLC boosted its holdings in AmTrust Financial Services by 57.7% in the first quarter. SG Americas Securities LLC now owns 8,673 shares of the insurance provider’s stock valued at $160,000 after acquiring an additional 3,173 shares during the last quarter. Teachers Advisors LLC boosted its holdings in AmTrust Financial Services by 2.6% in the first quarter. Teachers Advisors LLC now owns 276,400 shares of the insurance provider’s stock valued at $5,102,000 after acquiring an additional 7,115 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in AmTrust Financial Services by 0.7% in the first quarter. TIAA CREF Investment Management LLC now owns 407,656 shares of the insurance provider’s stock valued at $7,525,000 after acquiring an additional 2,658 shares during the last quarter. Institutional investors and hedge funds own 36.36% of the company’s stock.
AmTrust Financial Services Company Profile
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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