AmTrust Financial Services Inc (NASDAQ:AFSI) – Stock analysts at B. Riley increased their FY2018 earnings per share (EPS) estimates for shares of AmTrust Financial Services in a research note issued to investors on Thursday. B. Riley analyst R. Binner now forecasts that the insurance provider will post earnings per share of $1.65 for the year, up from their previous estimate of $1.45. B. Riley currently has a “Neutral” rating and a $12.00 target price on the stock. B. Riley also issued estimates for AmTrust Financial Services’ FY2019 earnings at $2.15 EPS.
AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.37). AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The company 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 company posted $0.47 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis.
AmTrust Financial Services (NASDAQ:AFSI) traded up $0.01 during mid-day trading on Monday, hitting $10.15. The stock had a trading volume of 681,631 shares, compared to its average volume of 1,560,000. AmTrust Financial Services has a 52 week low of $8.80 and a 52 week high of $27.93. The company has a market cap of $1,990.00, a price-to-earnings ratio of -31.72 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.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $0.17 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 6.70%. AmTrust Financial Services’s dividend payout ratio is currently -212.50%.
In other AmTrust Financial Services news, SVP Ariel Gorelik bought 2,962 shares of AmTrust Financial Services stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average cost of $9.33 per share, with a total value of $27,635.46. Following the acquisition, the senior vice president now directly owns 5,977 shares of the company’s stock, valued at $55,765.41. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 50.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of AmTrust Financial Services by 10.1% in the 2nd quarter. Rhumbline Advisers now owns 178,400 shares of the insurance provider’s stock worth $2,701,000 after acquiring an additional 16,376 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of AmTrust Financial Services by 166.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 98,909 shares of the insurance provider’s stock worth $1,498,000 after acquiring an additional 61,784 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of AmTrust Financial Services by 20.3% in 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 in the last quarter. FNY Managed Accounts LLC acquired a new position in shares of AmTrust Financial Services in the 3rd quarter worth approximately $298,000. Finally, State Street Corp boosted its holdings in shares of AmTrust Financial Services by 54.1% in 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 in the last quarter. 33.68% of the stock is currently owned by institutional investors and hedge funds.
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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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