ValuEngine Upgrades AmTrust Financial Services (AFSI) to “Buy”

AmTrust Financial Services (NASDAQ:AFSI) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts also recently issued reports on the stock. Compass Point downgraded shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Monday, February 26th. Zacks Investment Research downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Monday, February 19th. SunTrust Banks downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, BidaskClub raised shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. AmTrust Financial Services presently has an average rating of “Hold” and a consensus price target of $14.29.

AmTrust Financial Services opened at $13.76 on Thursday, according to Marketbeat.com. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.43. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 12.67 and a beta of 1.29. AmTrust Financial Services has a 1 year low of $8.80 and a 1 year high of $16.37.

In other AmTrust Financial Services news, Chairman Barry D. Zyskind bought 2,945,113 shares of the stock in a transaction dated Thursday, April 19th. The shares were bought at an average cost of $12.62 per share, for a total transaction of $37,167,326.06. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Ariel Gorelik sold 5,707 shares of AmTrust Financial Services stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $13.30, for a total value of $75,903.10. The disclosure for this sale can be found here. Insiders own 50.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Laurel Wealth Advisors Inc. raised its stake in shares of AmTrust Financial Services by 24.7% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 78,200 shares of the insurance provider’s stock worth $962,000 after purchasing an additional 15,492 shares during the period. Alpine Global Management LLC bought a new stake in shares of AmTrust Financial Services during the 1st quarter worth $3,693,000. Highland Capital Management LP bought a new stake in shares of AmTrust Financial Services during the 1st quarter worth $1,221,000. Ancora Advisors LLC bought a new stake in shares of AmTrust Financial Services during the 1st quarter worth $8,892,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of AmTrust Financial Services during the 1st quarter worth $638,000. Institutional investors own 29.10% 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.

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

Analyst Recommendations for AmTrust Financial Services (NASDAQ:AFSI)

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