AmTrust Financial Services, Inc. (NASDAQ:AFSI) Expected to Earn Q3 2018 Earnings of $0.53 Per Share
AmTrust Financial Services, Inc. (NASDAQ:AFSI) – Equities research analysts at William Blair lifted their Q3 2018 EPS estimates for shares of AmTrust Financial Services in a report issued on Tuesday. William Blair analyst A. Klauber now expects that the insurance provider will post earnings per share of $0.53 for the quarter, up from their prior forecast of $0.52. William Blair also issued estimates for AmTrust Financial Services’ Q4 2018 earnings at $0.59 EPS.
AmTrust Financial Services (NASDAQ:AFSI) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. AmTrust Financial Services had a return on equity of 14.82% and a net margin of 5.14%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS.
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Other equities research analysts have also issued reports about the company. Compass Point reaffirmed a “buy” rating and issued a $22.00 price objective (down from $26.00) on shares of AmTrust Financial Services in a research note on Tuesday, May 30th. TheStreet lowered AmTrust Financial Services from a “b-” rating to a “c” rating in a research note on Monday, May 1st. ValuEngine lowered AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.00 price objective on shares of AmTrust Financial Services in a research note on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $19.50.
Shares of AmTrust Financial Services (NASDAQ AFSI) traded up 1.628% during trading on Friday, reaching $14.045. The company’s stock had a trading volume of 803,681 shares. AmTrust Financial Services has a 12-month low of $11.80 and a 12-month high of $28.48. The company has a 50 day moving average of $15.32 and a 200-day moving average of $18.01. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 13.649 and a beta of 1.16.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Friday, September 29th. AmTrust Financial Services’s dividend payout ratio is currently 51.13%.
In related news, SVP Stephen Ungar sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $13.92, for a total transaction of $69,600.00. Following the completion of the sale, the senior vice president now directly owns 175,256 shares of the company’s stock, valued at approximately $2,439,563.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 50.80% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of AmTrust Financial Services during the first quarter worth about $121,000. SG Americas Securities LLC raised its stake in shares of AmTrust Financial Services by 57.7% in the first quarter. SG Americas Securities LLC now owns 8,673 shares of the insurance provider’s stock worth $160,000 after buying an additional 3,173 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of AmTrust Financial Services during the first quarter worth about $170,000. Alpha Cubed Investments LLC acquired a new stake in shares of AmTrust Financial Services during the second quarter worth about $200,000. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in shares of AmTrust Financial Services during the first quarter worth about $211,000. 44.65% of the stock is 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.
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