Equities Analysts Offer Predictions for AmTrust Financial Services, Inc.’s Q3 2017 Earnings (AFSI)
AmTrust Financial Services, Inc. (NASDAQ:AFSI) – Investment analysts at William Blair lowered their Q3 2017 earnings per share (EPS) estimates for AmTrust Financial Services in a research report issued to clients and investors on Tuesday. William Blair analyst A. Klauber now anticipates that the insurance provider will earn $0.37 per share for the quarter, down from their prior estimate of $0.45. William Blair also issued estimates for AmTrust Financial Services’ Q4 2017 earnings at $0.46 EPS, FY2017 earnings at $1.56 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.53 EPS and FY2018 earnings at $2.10 EPS.
AmTrust Financial Services (NASDAQ:AFSI) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. AmTrust Financial Services had a return on equity of 14.82% and a net margin of 5.14%. AmTrust Financial Services’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS.
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AFSI has been the topic of several other research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price target on shares of AmTrust Financial Services in a research note on Tuesday, May 2nd. BidaskClub upgraded shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine lowered shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet lowered shares of AmTrust Financial Services from a “b-” rating to a “c” rating in a research note on Monday, May 1st. Finally, FBR & Co restated a “buy” rating on shares of AmTrust Financial Services in a research note on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $19.50.
Shares of AmTrust Financial Services (NASDAQ AFSI) opened at 14.23 on Thursday. AmTrust Financial Services has a one year low of $11.80 and a one year high of $28.48. The stock has a market capitalization of $2.44 billion, a P/E ratio of 8.16 and a beta of 1.16. The firm’s 50-day moving average price is $15.31 and its 200-day moving average price is $18.04.
The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.78%. AmTrust Financial Services’s dividend payout ratio is presently 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 shares were sold at an average price of $13.92, for a total transaction of $69,600.00. Following the transaction, the senior vice president now owns 175,256 shares in the company, valued at $2,439,563.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 50.80% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI raised its position in AmTrust Financial Services by 13.7% in the first quarter. Arcadia Investment Management Corp MI now owns 93,303 shares of the insurance provider’s stock worth $1,722,000 after buying an additional 11,233 shares in the last quarter. Russell Investments Group Ltd. raised its position in AmTrust Financial Services by 44.3% in the first quarter. Russell Investments Group Ltd. now owns 102,477 shares of the insurance provider’s stock worth $1,891,000 after buying an additional 31,455 shares in the last quarter. ARP Americas LLC bought a new position in AmTrust Financial Services during the first quarter worth approximately $377,000. Strs Ohio bought a new position in AmTrust Financial Services during the first quarter worth approximately $13,918,000. Finally, First Quadrant L P CA raised its position in AmTrust Financial Services by 0.4% in the first quarter. First Quadrant L P CA now owns 47,399 shares of the insurance provider’s stock worth $875,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 44.65% of the company’s stock.
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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