Keefe, Bruyette & Woods Reaffirms Hold Rating for AmTrust Financial Services (AFSI)

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of AmTrust Financial Services (NASDAQ:AFSI) in a report issued on Wednesday morning. The firm currently has a $10.00 price target on the insurance provider’s stock.

A number of other research analysts also recently issued reports on AFSI. FBR & Co downgraded AmTrust Financial Services from a buy rating to a neutral rating and set a $14.00 price objective for the company. in a report on Tuesday, October 24th. BidaskClub downgraded AmTrust Financial Services from a hold rating to a sell rating in a report on Friday, August 11th. SunTrust Banks reiterated a buy rating and set a $16.00 price objective on shares of AmTrust Financial Services in a report on Friday, November 10th. Zacks Investment Research upgraded AmTrust Financial Services from a strong sell rating to a hold rating in a report on Tuesday, October 10th. Finally, B. Riley restated a neutral rating and issued a $12.00 price target on shares of AmTrust Financial Services in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. AmTrust Financial Services presently has an average rating of Hold and an average price target of $15.33.

Shares of AmTrust Financial Services (AFSI) traded down $0.16 during trading on Wednesday, hitting $10.08. The company’s stock had a trading volume of 1,355,667 shares, compared to its average volume of 1,632,276. AmTrust Financial Services has a 12 month low of $8.80 and a 12 month high of $28.48. The company has a market capitalization of $2,007.31, a P/E ratio of 9.66 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.

AmTrust Financial Services (NASDAQ:AFSI) last announced its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. equities research analysts expect that AmTrust Financial Services will post 0.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid 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 yield of 6.75%. AmTrust Financial Services’s dividend payout ratio is -424.97%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in AFSI. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of AmTrust Financial Services in the third quarter valued at approximately $135,000. Sapphire Star Partners LP acquired a new stake in shares of AmTrust Financial Services in the third quarter valued at approximately $153,000. Paragon Capital Management Ltd acquired a new stake in shares of AmTrust Financial Services in the third quarter valued at approximately $165,000. Symons Capital Management Inc. acquired a new stake in shares of AmTrust Financial Services in the third quarter valued at approximately $172,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in AmTrust Financial Services by 4.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock worth $200,000 after purchasing an additional 506 shares during the last quarter. 33.65% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for AmTrust Financial Services (NASDAQ:AFSI)

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