AmTrust Financial Services Inc (AFSI) Receives Consensus Recommendation of “Hold” from Analysts
AmTrust Financial Services Inc (NASDAQ:AFSI) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $14.63.
AFSI has been the subject of several recent analyst reports. BidaskClub downgraded shares of AmTrust Financial Services from a “sell” rating to a “strong sell” rating in a research note on Saturday. B. Riley upped their target price on shares of AmTrust Financial Services from $12.00 to $14.75 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Keefe, Bruyette & Woods reaffirmed a “$14.58” rating and issued a $14.75 target price on shares of AmTrust Financial Services in a research note on Wednesday, July 18th. Finally, Zacks Investment Research raised shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research note on Monday, June 18th.
In other AmTrust Financial Services news, SVP Ariel Gorelik sold 4,244 shares of the company’s stock in a transaction that occurred on Wednesday, June 27th. The shares were sold at an average price of $14.54, for a total value of $61,707.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 50.80% of the stock is currently owned by corporate insiders.
NASDAQ AFSI traded up $0.01 during trading hours on Wednesday, hitting $14.59. The company’s stock had a trading volume of 16,857 shares, compared to its average volume of 1,381,746. AmTrust Financial Services has a twelve month low of $8.80 and a twelve month high of $14.74. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.54 and a current ratio of 0.54.
About AmTrust Financial Services
AmTrust Financial Services, Inc engages in the provision of insurance services. It operates through the following segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment offers workers compensation insurance to small businesses that operate in low and medium hazard classes and commercial package, and other property and casualty insurance products to small businesses.
Further Reading: Closed-End Mutual Funds (CEFs)
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