AmTrust Financial Services, Inc. (NASDAQ:AFSI) – Stock analysts at William Blair reduced their Q2 2017 earnings estimates for AmTrust Financial Services in a research note issued to investors on Tuesday. William Blair analyst A. Klauber now expects that the insurance provider will earn $0.44 per share for the quarter, down from their prior estimate of $0.59. William Blair also issued estimates for AmTrust Financial Services’ Q3 2017 earnings at $0.45 EPS, Q4 2017 earnings at $0.48 EPS, Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.52 EPS and FY2018 earnings at $2.15 EPS.
Several other equities research analysts also recently commented on AFSI. TheStreet downgraded shares of AmTrust Financial Services from a “b-” rating to a “c” rating in a report on Monday, May 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.00 price objective on shares of AmTrust Financial Services in a report on Tuesday, May 2nd. FBR & Co reaffirmed a “buy” rating on shares of AmTrust Financial Services in a report on Wednesday, April 12th. Compass Point reaffirmed a “buy” rating and set a $22.00 price objective (down from $26.00) on shares of AmTrust Financial Services in a report on Tuesday, May 30th. Finally, ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $19.50.
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Shares of AmTrust Financial Services (NASDAQ AFSI) opened at 14.98 on Thursday. The firm has a market cap of $2.57 billion, a PE ratio of 8.59 and a beta of 1.15. AmTrust Financial Services has a 1-year low of $11.80 and a 1-year high of $28.48. The stock’s 50 day moving average is $13.48 and its 200-day moving average is $20.39.
AmTrust Financial Services (NASDAQ:AFSI) last posted its earnings results on Monday, May 8th. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.32. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.35 billion. AmTrust Financial Services had a return on equity of 17.24% and a net margin of 7.55%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 EPS.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Thursday, June 29th. AmTrust Financial Services’s dividend payout ratio is 32.69%.
In other news, SVP Stephen Ungar sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $13.08, for a total value of $65,400.00. Following the transaction, the senior vice president now owns 169,518 shares in the company, valued at $2,217,295.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 15,000 shares of company stock worth $213,050 in the last 90 days. Company insiders own 42.80% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of AFSI. Integrated Investment Consultants LLC purchased a new position in shares of AmTrust Financial Services during the first quarter valued at about $109,000. Quantbot Technologies LP acquired a new stake in shares of AmTrust Financial Services during the first quarter worth approximately $121,000. Comerica Bank acquired a new stake in shares of AmTrust Financial Services during the fourth quarter worth approximately $208,000. SG Americas Securities LLC raised its stake in shares of AmTrust Financial Services by 57.7% in the first quarter. SG Americas Securities LLC now owns 8,673 shares of the insurance provider’s stock worth $160,000 after buying an additional 3,173 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of AmTrust Financial Services during the first quarter worth approximately $170,000. Hedge funds and other institutional investors own 45.58% of the company’s stock.
About AmTrust Financial Services
Amtrust Financial Services, Inc (AmTrust) is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business.
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