AmTrust Financial Services, Inc. (AFSI) Shares Gap Down to $10.90
AmTrust Financial Services, Inc. (NASDAQ:AFSI)’s share price gapped down before the market opened on Friday . The stock had previously closed at $10.02, but opened at $10.90. AmTrust Financial Services shares last traded at $10.50, with a volume of 1245142 shares traded.
AFSI has been the subject of a number of recent research reports. ValuEngine lowered shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. TheStreet cut shares of AmTrust Financial Services from a “c” rating to a “d” rating in a research note on Wednesday, July 19th. B. Riley reaffirmed a “neutral” rating and set a $12.00 price objective on shares of AmTrust Financial Services in a research note on Monday, November 6th. Finally, BidaskClub cut shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.33.
The firm has a market capitalization of $2,019.08, a P/E ratio of 9.72 and a beta of 1.20. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.43.
AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.29 billion. AmTrust Financial Services had a return on equity of 9.13% and a net margin of 0.49%. AmTrust Financial Services’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. equities research analysts forecast that AmTrust Financial Services, Inc. will post 0.94 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.68 dividend on an annualized basis and a yield of 6.60%. AmTrust Financial Services’s dividend payout ratio is currently -424.97%.
Institutional investors have recently added to or reduced their stakes in the stock. Sapphire Star Partners LP acquired a new stake in AmTrust Financial Services in the 3rd quarter valued at $153,000. Paragon Capital Management Ltd acquired a new stake in AmTrust Financial Services in the 3rd quarter valued at $165,000. Amalgamated Bank grew its stake in AmTrust Financial Services by 1.4% in the 1st quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock valued at $234,000 after acquiring an additional 172 shares during the period. Symons Capital Management Inc. acquired a new stake in AmTrust Financial Services in the 3rd quarter valued at $172,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in AmTrust Financial Services by 4.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock valued at $200,000 after acquiring an additional 506 shares during the period. 36.36% 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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