AmTrust Financial Services (NASDAQ:AFSI) Downgraded to “Sell” at BidaskClub

AmTrust Financial Services (NASDAQ:AFSI) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday, January 10th.

Other research analysts have also recently issued reports about the stock. SunTrust Banks reiterated a “buy” rating and set a $16.00 price target on shares of AmTrust Financial Services in a research report on Friday, November 10th. Zacks Investment Research raised AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. ValuEngine lowered AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $10.00 price target on shares of AmTrust Financial Services in a research note on Wednesday, December 6th. Finally, JMP Securities lowered AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. AmTrust Financial Services has an average rating of “Hold” and an average target price of $14.71.

AmTrust Financial Services (AFSI) opened at $12.68 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2,550.31, a PE ratio of -79.25 and a beta of 1.12. AmTrust Financial Services has a fifty-two week low of $8.80 and a fifty-two week high of $27.93.

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 analysts’ consensus estimates of $0.33 by ($0.37). The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.29 billion. AmTrust Financial Services had a return on equity of 9.07% and a net margin of 0.49%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. analysts predict that AmTrust Financial Services will post 0.91 earnings per share for the current fiscal year.

In other AmTrust Financial Services news, SVP Ariel Gorelik acquired 2,962 shares of AmTrust Financial Services stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $9.33 per share, for a total transaction of $27,635.46. Following the acquisition, the senior vice president now owns 5,977 shares of the company’s stock, valued at $55,765.41. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 50.80% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI purchased a new position in AmTrust Financial Services in the 3rd quarter worth approximately $135,000. Sapphire Star Partners LP purchased a new position in AmTrust Financial Services in the 3rd quarter worth approximately $153,000. Paragon Capital Management Ltd bought a new stake in AmTrust Financial Services in the 3rd quarter worth approximately $165,000. Symons Capital Management Inc. bought a new stake in AmTrust Financial Services in the 3rd quarter worth approximately $172,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in AmTrust Financial Services by 4.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock worth $200,000 after acquiring an additional 506 shares during the last quarter. 33.68% of the stock is currently owned by hedge funds and other 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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