Today: Today, Analysts gives Consensus Recommendation of “Buy” to AmTrust Financial Services Inc. (AFSI)

Today, Analysts gives Consensus Recommendation of “Buy” to AmTrust Financial Services Inc. (AFSI)

Shares of AmTrust Financial Services Inc. (NASDAQ:AFSI) have earned a consensus rating of “Buy” from the six brokerages that are currently covering the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $34.00.

Separately, Zacks Investment Research downgraded shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th.

Shares of AmTrust Financial Services (NASDAQ:AFSI) opened at 26.12 on Monday. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 11.30 and a beta of 1.08. The firm has a 50-day moving average price of $26.29 and a 200-day moving average price of $25.86. AmTrust Financial Services has a 52 week low of $23.55 and a 52 week high of $32.22.

AmTrust Financial Services (NASDAQ:AFSI) last announced its earnings results on Thursday, November 3rd. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The company earned $1.41 billion during the quarter, compared to the consensus estimate of $1.22 billion. AmTrust Financial Services had a net margin of 8.39% and a return on equity of 19.81%. AmTrust Financial Services’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $1.79 earnings per share. On average, equities analysts anticipate that AmTrust Financial Services will post $3.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 2.60%. AmTrust Financial Services’s payout ratio is currently 29.44%.

In other news, EVP Michael J. Saxon sold 9,000 shares of AmTrust Financial Services stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $26.60, for a total transaction of $239,400.00. Following the completion of the sale, the executive vice president now directly owns 569,434 shares in the company, valued at $15,146,944.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $26.50, for a total transaction of $132,500.00. Following the sale, the senior vice president now owns 169,518 shares of the company’s stock, valued at $4,492,227. The disclosure for this sale can be found here. Insiders own 42.80% of the company’s stock.

Several large investors have recently bought and sold shares of AFSI. Royal Bank of Canada increased its stake in AmTrust Financial Services by 12.0% in the second quarter. Royal Bank of Canada now owns 3,579,743 shares of the company’s stock valued at $87,704,000 after buying an additional 383,421 shares during the last quarter. Edge Asset Management Inc. increased its position in AmTrust Financial Services by 34.7% in the second quarter. Edge Asset Management Inc. now owns 2,950,203 shares of the company’s stock worth $72,280,000 after buying an additional 760,658 shares in the last quarter. FMR LLC increased its position in AmTrust Financial Services by 6.6% in the second quarter. FMR LLC now owns 2,451,480 shares of the company’s stock worth $60,061,000 after buying an additional 151,609 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in AmTrust Financial Services by 10.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,356,989 shares of the company’s stock worth $63,238,000 after buying an additional 230,348 shares in the last quarter. Finally, State Street Corp increased its position in AmTrust Financial Services by 3.6% in the second quarter. State Street Corp now owns 1,483,966 shares of the company’s stock worth $36,358,000 after buying an additional 51,462 shares in the last quarter. Institutional investors and hedge funds own 44.37% of the company’s stock.

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