Analysts Set AmTrust Financial Services, Inc. (AFSI) Price Target at $17.50

AmTrust Financial Services, Inc. (NASDAQ:AFSI) has received an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $17.50.

A number of equities research analysts recently commented on the stock. TheStreet downgraded shares of AmTrust Financial Services from a “c” rating to a “d” rating in a research report on Wednesday, July 19th. JMP Securities assumed coverage on shares of AmTrust Financial Services in a research report on Friday, July 7th. They issued an “outperform” rating and a $18.00 price objective for the company. BidaskClub downgraded shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. FBR & Co downgraded shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th.

AmTrust Financial Services (NASDAQ:AFSI) last announced its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.41%. AmTrust Financial Services’s payout ratio is 51.13%.

Hedge funds have recently bought and sold shares of the company. Sapphire Star Partners LP acquired a new stake in shares of AmTrust Financial Services during the 3rd quarter valued at approximately $153,000. SG Americas Securities LLC lifted its position in shares of AmTrust Financial Services by 57.7% during the 1st 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 period. Paragon Capital Management Ltd acquired a new stake in shares of AmTrust Financial Services during the 3rd quarter valued at approximately $165,000. Alpha Cubed Investments LLC acquired a new stake in shares of AmTrust Financial Services during the 2nd quarter valued at approximately $200,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of 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 valued at $200,000 after acquiring an additional 506 shares during the period. Institutional investors own 36.42% of the company’s stock.

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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.

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