ValuEngine downgraded shares of AmTrust Financial Services (NASDAQ:AFSI) from a buy rating to a hold rating in a research report report published on Friday.

AFSI has been the subject of a number of other research reports. Keefe, Bruyette & Woods reiterated a hold rating and issued a $10.00 price target on shares of AmTrust Financial Services in a research report on Wednesday, December 6th. FBR & Co lowered AmTrust Financial Services from a buy rating to a neutral rating and set a $14.00 price target for the company. in a research report on Tuesday, October 24th. BidaskClub upgraded AmTrust Financial Services from a sell rating to a hold rating in a research report on Wednesday, January 3rd. B. Riley reiterated a neutral rating and issued a $12.00 price target on shares of AmTrust Financial Services in a research report on Monday, November 6th. Finally, Zacks Investment Research upgraded AmTrust Financial Services from a strong sell rating to a hold rating and set a $11.00 price target for the company in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $14.71.

AmTrust Financial Services (AFSI) opened at $12.85 on Friday. The stock has a market capitalization of $2,589.51, a PE ratio of -80.31 and a beta of 1.30. AmTrust Financial Services has a fifty-two week low of $8.80 and a fifty-two week high of $27.93. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46.

AmTrust Financial Services (NASDAQ:AFSI) last released its 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 for the quarter, compared to analyst estimates of $1.29 billion. AmTrust Financial Services had a return on equity of 9.07% and a net margin of 0.49%. AmTrust Financial Services’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. analysts anticipate that AmTrust Financial Services will post 0.91 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.29%. AmTrust Financial Services’s dividend payout ratio (DPR) is -424.97%.

In related news, SVP Ariel Gorelik purchased 2,962 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $9.33 per share, for a total transaction of $27,635.46. Following the transaction, the senior vice president now directly owns 5,977 shares of the company’s stock, valued at approximately $55,765.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 50.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. boosted its position in AmTrust Financial Services by 4.0% during 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 period. Voya Investment Management LLC boosted its position in AmTrust Financial Services by 24.8% during the 2nd quarter. Voya Investment Management LLC now owns 38,324 shares of the insurance provider’s stock worth $580,000 after acquiring an additional 7,615 shares during the period. Parametric Portfolio Associates LLC boosted its position in AmTrust Financial Services by 8.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 101,638 shares of the insurance provider’s stock worth $1,539,000 after acquiring an additional 8,107 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in AmTrust Financial Services by 84.4% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 18,537 shares of the insurance provider’s stock worth $187,000 after acquiring an additional 8,485 shares during the period. Finally, Empire Life Investments Inc. boosted its position in AmTrust Financial Services by 56.5% during the 3rd quarter. Empire Life Investments Inc. now owns 25,506 shares of the insurance provider’s stock worth $343,000 after acquiring an additional 9,209 shares during the period. Hedge funds and other institutional investors own 33.57% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.dailypolitical.com/2018/02/03/amtrust-financial-services-afsi-downgraded-by-valuengine.html.

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.

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

Analyst Recommendations for AmTrust Financial Services (NASDAQ:AFSI)

Receive News & Ratings for AmTrust Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmTrust Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.