AmTrust Financial Services, Inc. (AFSI) Downgraded by JMP Securities to Market Perform

JMP Securities downgraded shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) from an outperform rating to a market perform rating in a research report sent to investors on Monday morning.

Several other equities research analysts have also issued reports on the company. ValuEngine lowered AmTrust Financial Services from a buy rating to a hold rating in a research report on Friday, September 1st. Zacks Investment Research lowered AmTrust Financial Services from a hold rating to a sell rating in a research report on Wednesday, October 18th. B. Riley reissued a neutral rating and set a $12.00 price target on shares of AmTrust Financial Services in a research report on Monday, November 6th. TheStreet lowered AmTrust Financial Services from a c rating to a d rating in a research report on Wednesday, July 19th. Finally, BidaskClub lowered AmTrust Financial Services from a hold rating to a sell rating in a research report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $16.33.

AmTrust Financial Services (NASDAQ:AFSI) traded down $0.81 during trading on Monday, hitting $9.49. The stock had a trading volume of 3,737,700 shares, compared to its average volume of 2,039,755. The stock has a market cap of $2,019.07, a PE ratio of 9.72 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.53. AmTrust Financial Services has a 12 month low of $9.23 and a 12 month high of $28.48.

AmTrust Financial Services (NASDAQ:AFSI) last released its earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.37). The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.29 billion. AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. equities analysts forecast that AmTrust Financial Services will post 0.94 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.17%. The ex-dividend date is Friday, December 29th. AmTrust Financial Services’s dividend payout ratio is currently -424.97%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in AmTrust Financial Services by 33.6% in the first quarter. Vanguard Group Inc. now owns 8,667,061 shares of the insurance provider’s stock worth $159,994,000 after buying an additional 2,181,846 shares during the period. Royal Bank of Canada increased its position in AmTrust Financial Services by 20.3% in the second quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock worth $60,748,000 after buying an additional 676,537 shares during the period. State Street Corp increased its position in AmTrust Financial Services by 54.1% in the second quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock worth $49,854,000 after buying an additional 1,156,431 shares during the period. Dimensional Fund Advisors LP increased its position in AmTrust Financial Services by 32.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,698,536 shares of the insurance provider’s stock worth $36,324,000 after buying an additional 660,088 shares during the period. Finally, Denver Investment Advisors LLC increased its position in AmTrust Financial Services by 47.7% in the second quarter. Denver Investment Advisors LLC now owns 2,262,970 shares of the insurance provider’s stock worth $34,261,000 after buying an additional 731,249 shares during the period. 34.72% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for AmTrust Financial Services (NASDAQ:AFSI)

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