William Blair Weighs in on AmTrust Financial Services Inc’s Q3 2018 Earnings (NASDAQ:AFSI)

AmTrust Financial Services Inc (NASDAQ:AFSI) – Investment analysts at William Blair boosted their Q3 2018 earnings estimates for AmTrust Financial Services in a research note issued on Tuesday. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings per share of $0.53 for the quarter, up from their prior estimate of $0.52. William Blair also issued estimates for AmTrust Financial Services’ Q4 2018 earnings at $0.59 EPS.

AmTrust Financial Services (NASDAQ:AFSI) last posted its earnings results on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. AmTrust Financial Services had a negative net margin of 2.49% and a positive return on equity of 0.91%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “William Blair Weighs in on AmTrust Financial Services Inc’s Q3 2018 Earnings (NASDAQ:AFSI)” was first published by Stock Observer and is owned by of Stock Observer. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.thestockobserver.com/2017/08/12/william-blair-weighs-in-on-amtrust-financial-services-incs-q3-2018-earnings-nasdaqafsi.html.

Several other research firms also recently commented on AFSI. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 price target on shares of AmTrust Financial Services in a research note on Tuesday, May 2nd. TheStreet downgraded shares of AmTrust Financial Services from a “c” rating to a “d” rating in a research note on Wednesday, July 19th. BidaskClub raised shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. JMP Securities began coverage on shares of AmTrust Financial Services in a report on Friday, July 7th. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, FBR & Co restated an “outperform” rating and issued a $22.00 target price (up previously from $16.00) on shares of AmTrust Financial Services in a report on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.50.

AmTrust Financial Services (AFSI) traded up 1.88% during midday trading on Friday, reaching $14.08. 1,201,106 shares of the company’s stock were exchanged. AmTrust Financial Services has a 12 month low of $11.80 and a 12 month high of $28.48. The stock has a market cap of $2.76 billion, a PE ratio of 13.68 and a beta of 1.16. The firm has a 50 day moving average of $15.32 and a 200-day moving average of $17.92.

Several hedge funds and other institutional investors have recently modified their holdings of AFSI. Monarch Partners Asset Management LLC boosted its position in shares of AmTrust Financial Services by 7.3% in the first quarter. Monarch Partners Asset Management LLC now owns 540,720 shares of the insurance provider’s stock valued at $9,982,000 after buying an additional 36,870 shares in the last quarter. Arcadia Investment Management Corp MI boosted its position in shares of AmTrust Financial Services by 13.7% in the first quarter. Arcadia Investment Management Corp MI now owns 93,303 shares of the insurance provider’s stock valued at $1,722,000 after buying an additional 11,233 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of AmTrust Financial Services by 44.3% in the first quarter. Russell Investments Group Ltd. now owns 102,477 shares of the insurance provider’s stock valued at $1,891,000 after buying an additional 31,455 shares in the last quarter. ARP Americas LLC purchased a new position in shares of AmTrust Financial Services during the first quarter valued at about $377,000. Finally, Strs Ohio purchased a new position in shares of AmTrust Financial Services during the first quarter valued at about $13,918,000. Hedge funds and other institutional investors own 44.65% of the company’s stock.

In other news, SVP Stephen Ungar sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $13.08, for a total value of $65,400.00. Following the transaction, the senior vice president now owns 169,518 shares in the company, valued at $2,217,295.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 50.80% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, September 29th. AmTrust Financial Services’s dividend payout ratio is 51.13%.

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.

Earnings History and Estimates for AmTrust Financial Services (NASDAQ:AFSI)

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