BidaskClub downgraded shares of AmTrust Financial Services (NASDAQ:AFSI) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

A number of other analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of AmTrust Financial Services from a strong sell rating to a hold rating and set a $11.00 target price for the company in a research note on Monday, January 8th. ValuEngine cut shares of AmTrust Financial Services from a buy rating to a hold rating in a research note on Sunday, December 31st. Keefe, Bruyette & Woods reiterated a hold rating and issued a $10.00 target price on shares of AmTrust Financial Services in a research note on Wednesday, December 6th. JMP Securities cut shares of AmTrust Financial Services from an outperform rating to a market perform rating in a research note on Monday, November 13th. Finally, SunTrust Banks restated a buy rating and issued a $16.00 price objective on shares of AmTrust Financial Services in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. AmTrust Financial Services currently has an average rating of Hold and an average target price of $14.71.

AmTrust Financial Services (AFSI) traded up $0.46 during midday trading on Wednesday, reaching $13.01. 3,395,381 shares of the company’s stock were exchanged, compared to its average volume of 1,993,855. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $2,550.31, a PE ratio of -81.31 and a beta of 1.12. AmTrust Financial Services has a 1 year low of $8.80 and a 1 year high of $27.93.

AmTrust Financial Services (NASDAQ:AFSI) last posted its earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.37). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.29 billion. AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. AmTrust Financial Services’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. analysts expect that AmTrust Financial Services will post 0.91 EPS for the current fiscal year.

The company 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, December 29th. AmTrust Financial Services’s payout ratio is -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 acquired at an average cost of $9.33 per share, for a total transaction of $27,635.46. Following the completion of the purchase, the senior vice president now owns 5,977 shares of the company’s stock, valued at $55,765.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 50.80% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of AFSI. Schwab Charles Investment Management Inc. lifted its stake in shares of AmTrust Financial Services by 25.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 805,811 shares of the insurance provider’s stock worth $12,200,000 after buying an additional 164,917 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of AmTrust Financial Services by 19.3% in the second quarter. Bank of New York Mellon Corp now owns 740,272 shares of the insurance provider’s stock worth $11,207,000 after buying an additional 119,775 shares during the last quarter. Federated Investors Inc. PA acquired a new stake in shares of AmTrust Financial Services in the second quarter worth $390,000. Pacer Advisors Inc. lifted its stake in shares of AmTrust Financial Services by 3.4% in the second quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock worth $227,000 after buying an additional 495 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of AmTrust Financial Services by 459.6% in the second quarter. JPMorgan Chase & Co. now owns 744,289 shares of the insurance provider’s stock worth $11,269,000 after buying an additional 611,277 shares during the last quarter. Institutional investors and hedge funds own 33.68% of the company’s stock.

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About AmTrust Financial Services

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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