AmTrust Financial Services Inc (NASDAQ:AFSI) announced a quarterly dividend on Wednesday, February 14th, Wall Street Journal reports. Investors of record on Monday, April 2nd will be paid a dividend of 0.17 per share by the insurance provider on Monday, April 16th. This represents a $0.68 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Thursday, March 29th.
AmTrust Financial Services (NASDAQ AFSI) traded up $0.04 during midday trading on Wednesday, reaching $12.79. The company’s stock had a trading volume of 478,800 shares, compared to its average volume of 1,504,806. AmTrust Financial Services has a 1-year low of $8.80 and a 1-year high of $27.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock has a market cap of $2,499.34, a PE ratio of -82.56 and a beta of 1.30.
AFSI has been the subject of several research analyst reports. FBR & Co cut AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a report on Tuesday, October 24th. Zacks Investment Research upgraded AmTrust Financial Services from a “strong sell” rating to a “hold” rating and set a $11.00 price objective for the company in a report on Monday, January 8th. ValuEngine cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. SunTrust Banks restated a “buy” rating and issued a $16.00 target price on shares of AmTrust Financial Services in a research note on Friday, November 10th. Finally, BidaskClub cut AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.14.
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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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