AmTrust Financial Services (AFSI) Cut to Sell at BidaskClub

Share on StockTwits

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.

AmTrust Financial Services (NASDAQ:AFSI) last issued its earnings results on Thursday, May 10th. The insurance provider reported ($0.31) earnings per share for the quarter. The business had revenue of $2.27 billion for the quarter. AmTrust Financial Services had a negative return on equity of 7.80% and a net margin of 4.27%. sell-side analysts anticipate that AmTrust Financial Services will post 1.17 EPS for the current year.

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.

Read More: How are Outstanding Shares Different from Authorized Shares?

Analyst Recommendations for AmTrust Financial Services (NASDAQ:AFSI)

Receive News & Ratings for AmTrust Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmTrust Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply