$0.31 Earnings Per Share Expected for AmTrust Financial Services Inc (AFSI) This Quarter
Equities research analysts expect AmTrust Financial Services Inc (NASDAQ:AFSI) to post $0.31 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for AmTrust Financial Services’ earnings. AmTrust Financial Services reported earnings per share of ($0.04) during the same quarter last year, which would suggest a positive year over year growth rate of 875%. The business is scheduled to announce its next earnings report on Wednesday, November 21st.
According to Zacks, analysts expect that AmTrust Financial Services will report full year earnings of $1.30 per share for the current year. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow AmTrust Financial Services.
Several brokerages have commented on AFSI. BidaskClub downgraded shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. B. Riley boosted their price objective on shares of AmTrust Financial Services from $12.00 to $14.75 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Six analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $14.88.
Institutional investors and hedge funds have recently made changes to their positions in the business. Swiss National Bank raised its position in AmTrust Financial Services by 20.5% during the second quarter. Swiss National Bank now owns 204,780 shares of the insurance provider’s stock valued at $2,984,000 after purchasing an additional 34,800 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of AmTrust Financial Services by 13.8% during the second quarter. Voya Investment Management LLC now owns 42,344 shares of the insurance provider’s stock worth $617,000 after buying an additional 5,149 shares in the last quarter. Alpine Associates Management Inc. acquired a new position in shares of AmTrust Financial Services during the second quarter worth $24,612,000. K2 Principal Fund L.P. acquired a new position in shares of AmTrust Financial Services during the second quarter worth $1,574,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of AmTrust Financial Services by 148.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 246,726 shares of the insurance provider’s stock worth $3,582,000 after buying an additional 147,426 shares in the last quarter. Institutional investors and hedge funds own 37.99% 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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