JMP Securities downgraded shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) from an outperform rating to a market perform rating in a research report report published on Monday morning, MarketBeat Ratings reports.
AFSI has been the topic of several other research reports. ValuEngine downgraded shares of AmTrust Financial Services from a buy rating to a hold rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of AmTrust Financial Services from a hold rating to a sell rating in a research note on Wednesday, October 18th. B. Riley reiterated a neutral rating and issued a $12.00 target price on shares of AmTrust Financial Services in a research note on Monday, November 6th. TheStreet downgraded shares of AmTrust Financial Services from a c rating to a d rating in a research note on Wednesday, July 19th. Finally, BidaskClub downgraded shares of AmTrust Financial Services from a hold rating to a sell rating in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $16.33.
AmTrust Financial Services (AFSI) opened at $9.11 on Monday. The stock has a market cap of $1,832.85, a P/E ratio of 8.82 and a beta of 1.20. AmTrust Financial Services has a 52 week low of $8.91 and a 52 week high of $28.48. 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 issued its 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). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. research analysts forecast that AmTrust Financial Services will post 0.94 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a $0.17 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.68 annualized dividend and a yield of 7.46%. AmTrust Financial Services’s payout ratio is presently -424.97%.
In other news, SVP Ariel Gorelik acquired 2,962 shares of AmTrust Financial Services stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $9.33 per share, with a total value 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 approximately $55,765.41. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 50.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of AmTrust Financial Services in the third quarter worth $135,000. Sapphire Star Partners LP purchased a new stake in shares of AmTrust Financial Services in the third quarter worth $153,000. Paragon Capital Management Ltd purchased a new stake in shares of AmTrust Financial Services in the third quarter worth $165,000. Amalgamated Bank increased its stake in shares of AmTrust Financial Services by 1.4% in the first quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock worth $234,000 after purchasing an additional 172 shares in the last quarter. Finally, Symons Capital Management Inc. purchased a new stake in shares of AmTrust Financial Services in the third quarter worth $172,000. 34.72% of the stock is owned by hedge funds and other institutional investors.
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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