AmTrust Financial Services (NASDAQ:AFSI) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday, November 8th.
Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reaffirmed a “$14.58” rating and set a $14.75 price objective on shares of AmTrust Financial Services in a research report on Wednesday, July 18th. B. Riley raised their price objective on shares of AmTrust Financial Services from $12.00 to $14.75 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. Six analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $14.88.
AmTrust Financial Services stock remained flat at $$14.75 during mid-day trading on Thursday. 726 shares of the company’s stock traded hands, compared to its average volume of 1,376,723. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 13.92 and a beta of 1.09. AmTrust Financial Services has a 52-week low of $9.41 and a 52-week high of $14.77. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.52.
A number of hedge funds and other institutional investors have recently bought and sold shares of AFSI. Harvest Management LLC acquired a new stake in AmTrust Financial Services in the 2nd quarter valued at $146,000. Mint Tower Capital Management B.V. acquired a new stake in AmTrust Financial Services in the 2nd quarter valued at $146,000. Nisa Investment Advisors LLC acquired a new stake in AmTrust Financial Services in the 2nd quarter valued at $161,000. Russell Investments Group Ltd. grew its position in AmTrust Financial Services by 35.9% in the 1st quarter. Russell Investments Group Ltd. now owns 15,074 shares of the insurance provider’s stock valued at $186,000 after purchasing an additional 3,983 shares during the period. Finally, Advisors Asset Management Inc. grew its position in AmTrust Financial Services by 287.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 68,581 shares of the insurance provider’s stock valued at $216,000 after purchasing an additional 50,884 shares during the period. 37.99% of the stock is owned by institutional investors and hedge funds.
About AmTrust Financial Services
AmTrust Financial Services, Inc provides property and casualty insurance in the United States and internationally. The company operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment offers workers' compensation insurance products; and commercial package, and other property and casualty insurance products, such as commercial property, general liability, inland marine, employment practices liability, commercial automobile, and umbrella coverage to small businesses.
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