SunTrust Banks, Inc. restated their buy rating on shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) in a report issued on Friday. SunTrust Banks, Inc. currently has a $16.00 price target on the insurance provider’s stock. SunTrust Banks also issued estimates for AmTrust Financial Services’ Q3 2017 earnings at $0.00 EPS, FY2017 earnings at $0.98 EPS, FY2017 earnings at $0.94 EPS, Q3 2018 earnings at $0.33 EPS and Q4 2018 earnings at $0.36 EPS.

Several other equities research analysts have also recently issued reports on AFSI. B. Riley reaffirmed a neutral rating and set a $12.00 price target on shares of AmTrust Financial Services in a research note on Monday, November 6th. BidaskClub cut shares of AmTrust Financial Services from a hold rating to a sell rating in a research note on Friday, August 11th. TheStreet cut shares of AmTrust Financial Services from a c rating to a d rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of AmTrust Financial Services from a strong sell rating to a hold rating in a research note on Tuesday, October 10th. Finally, ValuEngine cut shares of AmTrust Financial Services from a buy rating to a hold rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $16.33.

Shares of AmTrust Financial Services (AFSI) opened at $9.49 on Friday. AmTrust Financial Services has a 12 month low of $9.23 and a 12 month high of $28.48. 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 current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46.

AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.37). AmTrust Financial Services had a return on equity of 9.07% and a net margin of 0.49%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $0.47 earnings per share. AmTrust Financial Services’s revenue for the quarter was up 4.3% on a year-over-year basis. sell-side analysts predict that AmTrust Financial Services will post 0.94 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning boosted its position in shares of AmTrust Financial Services by 0.3% in the second quarter. Creative Planning now owns 15,913 shares of the insurance provider’s stock worth $241,000 after acquiring an additional 41 shares during the last quarter. Amalgamated Bank boosted its position in shares of AmTrust Financial Services by 1.4% in the first quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock worth $234,000 after acquiring an additional 172 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of AmTrust Financial Services by 3.4% in the second quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock worth $227,000 after acquiring an additional 495 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of AmTrust Financial Services by 4.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock worth $200,000 after acquiring an additional 506 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of AmTrust Financial Services by 1.5% in the first quarter. Public Employees Retirement System of Ohio now owns 40,894 shares of the insurance provider’s stock worth $755,000 after acquiring an additional 621 shares during the last quarter. 34.72% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for AmTrust Financial Services (NASDAQ:AFSI)

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