AmTrust Financial Services (NASDAQ:AFSI) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.

AFSI has been the subject of a number of other research reports. Keefe, Bruyette & Woods restated a “$14.58” rating and set a $14.75 target price on shares of AmTrust Financial Services in a report on Wednesday, July 18th. B. Riley upped their target price on AmTrust Financial Services from $12.00 to $14.75 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. TheStreet upgraded AmTrust Financial Services from a “d+” rating to a “c+” rating in a report on Monday, June 4th. Zacks Investment Research upgraded AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a report on Monday, June 18th. Finally, ValuEngine lowered AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, June 1st. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.92.

Shares of NASDAQ:AFSI opened at $14.47 on Friday. AmTrust Financial Services has a 52-week low of $8.80 and a 52-week high of $14.74. The company has a market capitalization of $2.84 billion, a P/E ratio of 13.64 and a beta of 1.20. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.49.

In other AmTrust Financial Services news, SVP Ariel Gorelik sold 4,244 shares of the company’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $14.54, for a total transaction of $61,707.76. The transaction 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 corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can lifted its holdings in shares of AmTrust Financial Services by 40.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 13,718 shares of the insurance provider’s stock valued at $169,000 after purchasing an additional 3,954 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of AmTrust Financial Services by 35.9% during the 1st quarter. Russell Investments Group Ltd. now owns 15,074 shares of the insurance provider’s stock valued at $186,000 after purchasing an additional 3,983 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of AmTrust Financial Services by 18.7% during the 1st quarter. Stifel Financial Corp now owns 25,636 shares of the insurance provider’s stock valued at $316,000 after purchasing an additional 4,036 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of AmTrust Financial Services by 36.1% during the 2nd quarter. Amalgamated Bank now owns 15,298 shares of the insurance provider’s stock valued at $223,000 after purchasing an additional 4,061 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of AmTrust Financial Services by 13.8% during the 2nd quarter. Voya Investment Management LLC now owns 42,344 shares of the insurance provider’s stock valued at $617,000 after purchasing an additional 5,149 shares during the last quarter. Institutional investors own 37.05% of the company’s stock.

AmTrust Financial Services Company Profile

AmTrust Financial Services, Inc provides property and casualty insurance in the United States and internationally. The company operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment offers workers' compensation insurance products; and commercial package, and other property and casualty insurance products, such as commercial property, general liability, inland marine, employment practices liability, commercial automobile, and umbrella coverage to small businesses.

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Analyst Recommendations for AmTrust Financial Services (NASDAQ:AFSI)

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