AmTrust Financial Services, Inc. (AFSI): Examining the Technicals

"Riley Brokers Reduce Earnings Estimates for AmTrust Financial Services Inc (NASDAQ:AFSI)" was first published by Week Herald and is the sole property of of Week Herald. The Stock has its 52-week High of $27.93 and 52-Week Low of $ 8.80 and it touched its 52-week high on 02/14/17 and 52-Week Low on 11/27/17.

Average True Range (14) for AmTrust Financial Services, Inc. While, the analyst predicted that the company could provide an EPS of $0.09/share. The company saw 16.16 million shares trade hands over the course of the day. Zacks' earnings per share averages are an average based on a survey of sell-side research firms that follow AmTrust Financial Services.

AmTrust Financial Services (NASDAQ:AFSI) last posted its quarterly earnings data on Wednesday, November 8th. Schwab Charles Investment Management Inc. now owns 805,811 shares of the insurance provider's stock worth $12,200,000 after acquiring an additional 164,917 shares in the last quarter. The company had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.29 billion. The company's revenue was up 4.3% compared to the same quarter previous year. The business's revenue for the quarter was up 4.3% on a year-over-year basis.

AFSI has been the topic of a number of analyst reports. Finally, JMP Securities lowered shares of AmTrust Financial Services from an "outperform" rating to a "market perform" rating in a research report on Monday, November 13th. ValuEngine cut shares of AmTrust Financial Services from a buy rating to a hold rating in a research report on Sunday, December 31st.

When we look at the Analyst Recommendations of the stock, the company has 2 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. The company now has a consensus rating of "Hold" and a consensus target price of $15.33. (NASDAQ:AFSI) valuations. The stock trades on a P/S of 0.42, which suggests that the shares are attractive compared with peers. 1,429,900 shares of the company were exchanged, compared to its average volume of 2,012,593. According to the most recent data, AmTrust Financial Services, Inc. has a 52-week high of $27.93 and a 52-week low of $8.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.53.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 29th. AmTrust Financial Services's dividend payout ratio (DPR) is -424.97%. The Manufacturers Life Insurance Company bought a new position in shares of AmTrust Financial Services during the third quarter worth $137,000. The shares were sold at an average price of $25.74, for a total transaction of $128,700.00. Following the transaction, the senior vice president now owns 5,977 shares of the company's stock, valued at approximately $55,765.41. The purchase was disclosed in a document filed with the SEC, which is available through this link. A stock rating will usually tell the investor how well a stock's market value relates to what analysts believe is a fair value for the stock, based on an objective evaluation of the company.

Want to see what other hedge funds are holding AFSI? Sapphire Star Partners LP bought a new stake in shares of AmTrust Financial Services during the 3rd quarter valued at $153,000. Dreman Value Management L L C raised its position in shares of AmTrust Financial Services by 884.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider's stock valued at $200,000 after acquiring an additional 506 shares during the last quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider's stock worth $227,000 after buying an additional 495 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: "Brokerages Anticipate AmTrust Financial Services Inc (AFSI) Will Announce Earnings of $0.27 Per Share" was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal.

They offer workers' compensation insurance, extended warranty coverage, specialty middle market property and casualty insurance and a host of related products and services.They have built a reputation as an innovative, technology driven insurance company.

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