AmTrust Financial Services, Inc. (NASDAQ:AFSI) – Investment analysts at William Blair lifted their FY2017 earnings per share estimates for shares of AmTrust Financial Services in a note issued to investors on Thursday. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $0.91 per share for the year, up from their prior estimate of $0.13. William Blair also issued estimates for AmTrust Financial Services’ Q4 2017 earnings at $0.25 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $1.30 EPS.
Several other research firms also recently commented on AFSI. TheStreet downgraded shares of AmTrust Financial Services from a “c” rating to a “d” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $16.00 price objective on shares of AmTrust Financial Services in a report on Friday, November 10th. JMP Securities downgraded shares of AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, BidaskClub downgraded shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.33.
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AmTrust Financial Services (NASDAQ AFSI) opened at $9.06 on Monday. AmTrust Financial Services has a fifty-two week low of $9.02 and a fifty-two week high of $28.48. The firm has a market cap of $1,860.29, a price-to-earnings ratio of 8.95 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 issued its earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 9.07% and a net margin of 0.49%. AmTrust Financial Services’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share.
The firm 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 is Friday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 7.51%. AmTrust Financial Services’s dividend payout ratio (DPR) is presently -424.97%.
Several hedge funds have recently added to or reduced their stakes in AFSI. Commerzbank Aktiengesellschaft FI acquired a new position in shares of AmTrust Financial Services in the third quarter valued at about $135,000. Sapphire Star Partners LP acquired a new position in shares of AmTrust Financial Services in the third quarter valued at about $153,000. Paragon Capital Management Ltd acquired a new position in shares of AmTrust Financial Services in the third quarter valued at about $165,000. Symons Capital Management Inc. acquired a new position in shares of AmTrust Financial Services in the third quarter valued at about $172,000. Finally, Alpha Cubed Investments LLC acquired a new position in shares of AmTrust Financial Services in the second quarter valued at about $200,000. Institutional investors and hedge funds own 34.72% of the company’s stock.
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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