AmTrust Financial Services, Inc. (NASDAQ:AFSI) – Equities researchers at B. Riley issued their FY2017 earnings per share estimates for shares of AmTrust Financial Services in a note issued to investors on Thursday. B. Riley analyst R. Binner expects that the insurance provider will post earnings of $0.97 per share for the year. B. Riley has a “Neutral” rating and a $12.00 price target on the stock. B. Riley also issued estimates for AmTrust Financial Services’ FY2018 earnings at $1.45 EPS.
AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.29 billion. AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. AmTrust Financial Services’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share.
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Other equities analysts also recently issued reports about the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $16.00 price objective on shares of AmTrust Financial Services in a report on Friday, November 10th. FBR & Co downgraded shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub cut shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, TheStreet cut shares of AmTrust Financial Services from a “c” rating to a “d” rating in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.33.
AmTrust Financial Services (NASDAQ:AFSI) opened at $9.06 on Monday. The company has a market cap of $1,860.29, a PE ratio of 8.95 and a beta of 1.20. AmTrust Financial Services has a 1-year low of $9.02 and a 1-year high of $28.48. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 7.51%. The ex-dividend date is Friday, December 29th. AmTrust Financial Services’s payout ratio is -424.97%.
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in AmTrust Financial Services by 33.6% during the 1st quarter. Vanguard Group Inc. now owns 8,667,061 shares of the insurance provider’s stock worth $159,994,000 after acquiring an additional 2,181,846 shares during the last quarter. Amalgamated Bank lifted its stake in AmTrust Financial Services by 1.4% in the first quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock valued at $234,000 after buying an additional 172 shares in the last quarter. Rhumbline Advisers lifted its stake in AmTrust Financial Services by 10.1% in the second quarter. Rhumbline Advisers now owns 178,400 shares of the insurance provider’s stock valued at $2,701,000 after buying an additional 16,376 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in AmTrust Financial Services by 166.4% in the second quarter. Riverhead Capital Management LLC now owns 98,909 shares of the insurance provider’s stock valued at $1,498,000 after buying an additional 61,784 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in AmTrust Financial Services by 20.3% in the second quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock valued at $60,748,000 after buying an additional 676,537 shares in the last quarter. 34.72% of the stock is currently owned by institutional investors and hedge funds.
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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