$0.24 EPS Expected for AmTrust Financial Services, Inc. (AFSI)
March 14, 2018 – By Marguerite Chambers
Investors sentiment decreased to 0.68 in 2017 Q3. Its down 0.07, from 0.75 in 2017Q2. It turned negative, as 31 investors sold AmTrust Financial Services, Inc. shares while 56 reduced holdings. 27 funds opened positions while 32 raised stakes. 65.41 million shares or 8.26% less from 71.30 million shares in 2017Q2 were reported.
Metropolitan Life Co New York accumulated 0% or 57,608 shares. State Board Of Administration Of Florida Retirement Systems holds 55,037 shares. Navellier And Assoc holds 11,359 shares. Ameritas Inv Prtnrs Inc holds 7,487 shares. Millennium has 0% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI) for 61,796 shares. Pennsylvania-based Stoneridge Investment Partners Ltd Liability has invested 0.05% in AmTrust Financial Services, Inc. (NASDAQ:AFSI). State Street Corporation accumulated 3.25 million shares or 0% of the stock. Dreman Value Mngmt L L C stated it has 22,560 shares or 0.17% of all its holdings. Northwestern Mutual Wealth Mgmt Com invested in 0% or 153 shares. Moreover, Alpha Cubed Limited Com has 0.03% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Schroder Investment Gp has invested 0.01% in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Fny Managed Accounts Limited Com, New York-based fund reported 22,192 shares. 113,087 are held by Ny State Common Retirement Fund. Creative Planning has invested 0% in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Canada Pension Plan Investment Board invested in 0% or 900 shares.
Analysts expect AmTrust Financial Services, Inc. (NASDAQ:AFSI) to report $0.24 EPS on March, 19.They anticipate $0.14 EPS change or 36.84 % from last quarter’s $0.38 EPS. AFSI’s profit would be $47.07M giving it 13.23 P/E if the $0.24 EPS is correct. After having $-0.04 EPS previously, AmTrust Financial Services, Inc.’s analysts see -700.00 % EPS growth. The stock increased 0.04% or $0.01 during the last trading session, reaching $12.7. About 318,362 shares traded. AmTrust Financial Services, Inc. (NASDAQ:AFSI) has declined 53.49% since March 14, 2017 and is downtrending. It has underperformed by 70.19% the S&P500.
AmTrust Financial Services, Inc. (NASDAQ:AFSI) Ratings Coverage
Among 8 analysts covering Amtrust Financial Services (NASDAQ:AFSI), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Amtrust Financial Services had 24 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by JMP Securities on Monday, November 13. The stock has “Buy” rating by William Blair on Thursday, September 3. The firm earned “Buy” rating on Thursday, January 14 by Citigroup. FBR Capital downgraded it to “Hold” rating and $14.0 target in Tuesday, October 24 report. The rating was maintained by Keefe Bruyette & Woods on Monday, June 5 with “Hold”. Keefe Bruyette & Woods maintained it with “Hold” rating and $13.5 target in Sunday, January 21 report. Compass Point maintained it with “Buy” rating and $35 target in Friday, February 5 report. The stock has “Buy” rating by Compass Point on Friday, November 13. SunTrust downgraded the shares of AFSI in report on Thursday, March 1 to “Hold” rating. The firm has “Hold” rating given on Monday, December 4 by Keefe Bruyette & Woods.
AmTrust Financial Services, Inc., through its subsidiaries, underwrites and provides property and casualty insurance in the United States and internationally. The company has market cap of $2.49 billion. It operates in three divisions: Small Commercial Business; Specialty Risk and Extended Warranty; and Specialty Program. It currently has negative earnings. The Small Commercial Business segment offers workers' compensation insurance products; and commercial package insurance products, such as commercial property, general liability, inland marine, automobile, and umbrella coverage, as well as other property and casualty insurance products to small businesses.
More notable recent AmTrust Financial Services, Inc. (NASDAQ:AFSI) news were published by: Prnewswire.com which released: “AMTRUST FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA …” on March 05, 2018, also Nasdaq.com with their article: “Commit To Purchase AmTrust Financial Services At $10, Earn 10% Using Options” published on February 21, 2018, Nasdaq.com published: “Why Earnings Season Could Be Great for AmTrust Financial (AFSI)” on February 22, 2018. More interesting news about AmTrust Financial Services, Inc. (NASDAQ:AFSI) were released by: Reuters.com and their article: “BRIEF-Stone Point Capital, The Karfunkel Family And The CEO To Acquire Amtrust …” published on March 01, 2018 as well as Globenewswire.com‘s news article titled: “AmTrust Financial Services Announces Completed Transfer of its 51% Stake in a …” with publication date: February 28, 2018.
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