AmTrust Financial Services (AFSI) Downgraded to “Hold” at SunTrust Banks
Several other research analysts have also recently weighed in on the company. Zacks Investment Research upgraded AmTrust Financial Services from a strong sell rating to a hold rating and set a $11.00 price target for the company in a research report on Monday, January 8th. ValuEngine cut AmTrust Financial Services from a buy rating to a hold rating in a research report on Sunday, December 31st. BidaskClub cut AmTrust Financial Services from a hold rating to a sell rating in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods reiterated a hold rating and set a $10.00 price target on shares of AmTrust Financial Services in a research report on Wednesday, December 6th. Finally, JMP Securities cut AmTrust Financial Services from an outperform rating to a market perform rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $14.29.
AmTrust Financial Services (NASDAQ:AFSI) opened at $12.93 on Thursday. 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 firm has a market capitalization of $2,535.47, a P/E ratio of -80.81 and a beta of 1.35. AmTrust Financial Services has a 12-month low of $8.80 and a 12-month high of $23.07.
Several large investors have recently modified their holdings of AFSI. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of AmTrust Financial Services in the fourth quarter worth approximately $101,000. Two Sigma Securities LLC acquired a new stake in shares of AmTrust Financial Services in the fourth quarter worth approximately $115,000. Xact Kapitalforvaltning AB acquired a new stake in shares of AmTrust Financial Services in the fourth quarter worth approximately $117,000. Unison Advisors LLC acquired a new stake in shares of AmTrust Financial Services in the fourth quarter worth approximately $119,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of AmTrust Financial Services in the third quarter worth approximately $135,000. 28.90% of the stock is currently owned by hedge funds and other institutional investors.
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AmTrust Financial Services Company Profile
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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