B. Riley Raises AmTrust Financial Services (NASDAQ:AFSI) Price Target to $14.75

AmTrust Financial Services (NASDAQ:AFSI) had its price target raised by B. Riley from $12.00 to $14.75 in a report released on Tuesday, August 7th. The firm currently has a “neutral” rating on the insurance provider’s stock. B. Riley’s target price indicates a potential upside of 1.44% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research report on Monday, June 18th. BidaskClub upgraded shares of AmTrust Financial Services from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Keefe, Bruyette & Woods restated a “$14.58” rating and issued a $14.75 price objective on shares of AmTrust Financial Services in a research report on Wednesday, July 18th. TheStreet raised shares of AmTrust Financial Services from a “d+” rating to a “c+” rating in a research note on Monday, June 4th. Finally, ValuEngine lowered shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $14.92.

Shares of AmTrust Financial Services stock traded down $0.04 during mid-day trading on Tuesday, reaching $14.54. 278,700 shares of the stock were exchanged, compared to its average volume of 1,451,518. The stock has a market capitalization of $2.84 billion, a P/E ratio of 13.65 and a beta of 1.22. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.49. AmTrust Financial Services has a fifty-two week low of $8.80 and a fifty-two week high of $14.74.

In other AmTrust Financial Services news, SVP Ariel Gorelik sold 4,244 shares of AmTrust Financial Services stock in a transaction that occurred on Wednesday, June 27th. The shares were sold at an average price of $14.54, for a total value of $61,707.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 50.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in AmTrust Financial Services by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 1,184,942 shares of the insurance provider’s stock worth $17,264,000 after buying an additional 57,970 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in AmTrust Financial Services by 2,811.2% during the second quarter. Public Employees Retirement System of Ohio now owns 185,237 shares of the insurance provider’s stock worth $2,699,000 after buying an additional 178,874 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in AmTrust Financial Services by 287.5% during the second quarter. Advisors Asset Management Inc. now owns 68,581 shares of the insurance provider’s stock worth $216,000 after buying an additional 50,884 shares during the last quarter. Omni Partners LLP increased its holdings in AmTrust Financial Services by 41.5% during the second quarter. Omni Partners LLP now owns 305,231 shares of the insurance provider’s stock worth $4,447,000 after buying an additional 89,531 shares during the last quarter. Finally, MetLife Investment Advisors LLC increased its holdings in AmTrust Financial Services by 26.5% during the second quarter. MetLife Investment Advisors LLC now owns 51,253 shares of the insurance provider’s stock worth $747,000 after buying an additional 10,734 shares during the last quarter. Institutional investors own 36.99% of the company’s stock.

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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