AmTrust Financial Services Inc (NASDAQ:AFSI) – Research analysts at SunTrust Banks cut their FY2017 EPS estimates for AmTrust Financial Services in a note issued to investors on Wednesday, Zacks Investment Research reports. SunTrust Banks analyst M. Hughes now forecasts that the insurance provider will post earnings per share of $2.50 for the year, down from their previous forecast of $2.90. SunTrust Banks also issued estimates for AmTrust Financial Services’ FY2018 earnings at $2.80 EPS.
Several other equities research analysts have also recently commented on AFSI. Zacks Investment Research raised AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, January 17th. JMP Securities lowered their price target on AmTrust Financial Services from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, February 28th. Finally, FBR & Co reissued an “outperform” rating and issued a $33.00 price target on shares of AmTrust Financial Services in a research note on Tuesday, February 28th.
AmTrust Financial Services (NASDAQ:AFSI) traded up 0.661% during midday trading on Friday, hitting $15.995. 611,811 shares of the company’s stock traded hands. The company has a 50 day moving average of $19.04 and a 200-day moving average of $24.75. AmTrust Financial Services has a 52 week low of $13.51 and a 52 week high of $28.48. The company has a market capitalization of $2.74 billion, a PE ratio of 7.690 and a beta of 1.02.
AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings results on Monday, February 27th. The insurance provider reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.36. AmTrust Financial Services had a return on equity of 19.81% and a net margin of 8.39%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business earned $0.67 earnings per share. AmTrust Financial Services’s revenue for the quarter was up 14.9% on a year-over-year basis.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its position in shares of AmTrust Financial Services by 9.0% in the fourth quarter. FMR LLC now owns 3,598,480 shares of the insurance provider’s stock worth $98,527,000 after buying an additional 297,900 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new position in shares of AmTrust Financial Services during the third quarter worth approximately $9,304,000. Dimensional Fund Advisors LP raised its position in shares of AmTrust Financial Services by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,821,559 shares of the insurance provider’s stock worth $49,874,000 after buying an additional 143,936 shares during the last quarter. Norges Bank bought a new stake in shares of AmTrust Financial Services during the fourth quarter worth $25,606,000. Finally, State Street Corp boosted its stake in shares of AmTrust Financial Services by 9.9% in the fourth quarter. State Street Corp now owns 1,701,228 shares of the insurance provider’s stock worth $46,578,000 after buying an additional 153,102 shares during the period. Institutional investors and hedge funds own 41.61% of the company’s stock.
In other news, Director Donald T. Decarlo sold 4,830 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $26.67, for a total transaction of $128,816.10. Following the completion of the transaction, the director now directly owns 111,494 shares in the company, valued at $2,973,544.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Stephen Ungar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $15.61, for a total value of $78,050.00. Following the transaction, the senior vice president now owns 169,518 shares of the company’s stock, valued at $2,646,175.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,430 shares of company stock valued at $1,181,476. Corporate insiders own 42.80% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 19th. Stockholders of record on Monday, April 3rd were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, March 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.28%. AmTrust Financial Services’s dividend payout ratio (DPR) is presently 29.44%.
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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