BidaskClub lowered shares of AmTrust Financial Services (NASDAQ:AFSI) from a hold rating to a sell rating in a research report sent to investors on Thursday.
Other analysts have also recently issued reports about the stock. ValuEngine cut shares of AmTrust Financial Services from a buy rating to a hold rating in a report on Friday, June 1st. Zacks Investment Research upgraded shares of AmTrust Financial Services from a strong sell rating to a hold rating in a research report on Monday, June 18th. TheStreet upgraded shares of AmTrust Financial Services from a d+ rating to a c+ rating in a research report on Monday, June 4th. B. Riley upped their price target 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. Finally, Keefe, Bruyette & Woods restated a $14.58 rating and issued a $14.75 price target on shares of AmTrust Financial Services in a research report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $14.92.
Shares of NASDAQ:AFSI opened at $14.47 on Thursday. The company has a market cap of $2.82 billion, a P/E ratio of 13.56 and a beta of 1.22. AmTrust Financial Services has a 1-year low of $8.80 and a 1-year high of $14.74. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.43.
In related 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 the SEC website. 50.80% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB purchased a new stake in AmTrust Financial Services in the 4th quarter worth approximately $117,000. HRT Financial LLC purchased a new stake in AmTrust Financial Services in the 1st quarter worth approximately $133,000. Harvest Management LLC purchased a new stake in AmTrust Financial Services in the 2nd quarter worth approximately $146,000. Mint Tower Capital Management B.V. purchased a new stake in AmTrust Financial Services in the 2nd quarter worth approximately $146,000. Finally, Nisa Investment Advisors LLC purchased a new stake in AmTrust Financial Services in the 2nd quarter worth approximately $161,000. Institutional investors and hedge funds own 29.01% of the company’s stock.
About AmTrust Financial Services
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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