ValuEngine Upgrades AmTrust Financial Services (AFSI) to Buy

AmTrust Financial Services (NASDAQ:AFSI) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

AFSI has been the subject of several other research reports. Zacks Investment Research raised AmTrust Financial Services from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday, February 13th. BidaskClub raised AmTrust Financial Services from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. SunTrust Banks downgraded AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, Compass Point downgraded AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $15.00 price target for the company. in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.29.

NASDAQ AFSI traded up $0.08 during mid-day trading on Thursday, hitting $13.43. The stock had a trading volume of 2,966,414 shares, compared to its average volume of 1,614,567. AmTrust Financial Services has a 52-week low of $13.27 and a 52-week high of $13.33. The company has a market capitalization of $2.61 billion, a P/E ratio of 12.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.53 and a quick ratio of 0.53.

In other news, SVP Ariel Gorelik sold 5,707 shares of the firm’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $13.30, for a total transaction of $75,903.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Barry D. Zyskind acquired 2,945,113 shares of the firm’s stock in a transaction dated Thursday, April 19th. The shares were acquired at an average price of $12.62 per share, for a total transaction of $37,167,326.06. The disclosure for this purchase can be found here. Company insiders own 50.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of AmTrust Financial Services during the fourth quarter worth $101,000. Two Sigma Securities LLC acquired a new stake in shares of AmTrust Financial Services during the fourth quarter worth $115,000. Xact Kapitalforvaltning AB acquired a new stake in shares of AmTrust Financial Services during the fourth quarter worth $117,000. Unison Advisors LLC acquired a new stake in shares of AmTrust Financial Services during the fourth quarter worth $119,000. Finally, HRT Financial LLC acquired a new stake in shares of AmTrust Financial Services during the first quarter worth $133,000. Institutional investors and hedge funds own 29.10% of the company’s stock.

About AmTrust Financial Services

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AmTrust Financial Services (NASDAQ:AFSI)

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