Shares of AmTrust Financial Services Inc (NASDAQ:AFSI) were down 2.4% during trading on Wednesday . The stock traded as low as $11.48 and last traded at $11.78. Approximately 1,025,283 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 1,908,590 shares. The stock had previously closed at $11.50.

Several analysts have recently commented on AFSI shares. Compass Point reaffirmed a “buy” rating and issued a $22.00 target price (down previously from $26.00) on shares of AmTrust Financial Services in a research report on Tuesday, May 30th. TheStreet cut AmTrust Financial Services from a “c” rating to a “d” rating in a research report on Wednesday, July 19th. ValuEngine cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised AmTrust Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 target price on shares of AmTrust Financial Services in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.50.

The stock has a market capitalization of $2.31 billion, a PE ratio of 11.45 and a beta of 1.21. The stock’s 50 day moving average price is $14.49 and its 200-day moving average price is $16.10.

AmTrust Financial Services (NASDAQ:AFSI) last released 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. AmTrust Financial Services had a negative net margin of 2.49% and a positive return on equity of 0.91%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts forecast that AmTrust Financial Services Inc will post $1.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Friday, September 29th. AmTrust Financial Services’s dividend payout ratio is currently 51.13%.

In other AmTrust Financial Services news, SVP Stephen Ungar sold 5,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $13.92, for a total transaction of $69,600.00. Following the completion of the transaction, the senior vice president now owns 175,256 shares in the company, valued at approximately $2,439,563.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 50.80% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in AFSI. Vanguard Group Inc. increased its holdings in AmTrust Financial Services by 33.6% during the 1st quarter. Vanguard Group Inc. now owns 8,667,061 shares of the insurance provider’s stock worth $159,994,000 after purchasing an additional 2,181,846 shares in the last quarter. State Street Corp increased its holdings in AmTrust Financial Services by 54.1% during the 2nd quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock worth $49,854,000 after purchasing an additional 1,156,431 shares in the last quarter. Edge Asset Management Inc. increased its holdings in AmTrust Financial Services by 24.9% during the 1st quarter. Edge Asset Management Inc. now owns 5,082,376 shares of the insurance provider’s stock worth $93,819,000 after purchasing an additional 1,013,216 shares in the last quarter. Boston Partners increased its holdings in AmTrust Financial Services by 291.8% during the 2nd quarter. Boston Partners now owns 1,230,210 shares of the insurance provider’s stock worth $18,625,000 after purchasing an additional 916,199 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in AmTrust Financial Services during the 1st quarter worth about $15,064,000. Hedge funds and other institutional investors own 39.43% 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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