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Principale » AmTrust Financial shares slide after earnings miss

AmTrust Financial shares slide after earnings miss

13 Mai 2017

The third largest holder is Edge Asset Management, Inc, which now holds $52.13 million worth of this stock and that ownership represents almost 2.32% of its market capitalization. The stock's price moved up its 200-day moving average of $106.77.

Amtrust Financial Services, Inc (AmTrust) is an insurance holding company. (AFSI) on Monday reported first-quarter earnings of $50.2 million.

The company is expected to report earnings of $0.6 a share for the next quarter. Guggenheim Capital Ltd Liability Corp invested 0.01% in AmTrust Financial Services Inc (NASDAQ:AFSI).

The High Revenue estimate is predicted as 1.32 Billion, while the Low Revenue Estimate prediction stands at 1.24 Billion. Similarly, the company's last 5 years high P/E ratio is 13.16 and low P/E is 9.18, whereas, the industry's and sector's high P/E for the past year is 128.23 and 24.27 respectively and low P/E ratio for the last 5 years is 10.14 for the industry and 10.99 for the Sector. Gross written premium was $2.3 billion, an increase of $333.2 million, or 17.2%, from $1.9 billion in the first quarter 2016. The analysts estimated mean EPS at 0.57 while the high and low EPS estimate stand at 0.65 and 0.5 respectively.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 19th.

Investors sentiment decreased to 0.98 in 2016 Q4.

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On 5/4/2016 announced a quarterly dividend of $0.15 2.38% with an ex dividend date of 6/29/2016 which will be payable on 7/1/2016. AmTrust Financial Services's dividend payout ratio (DPR) is 29.44%.

Several research firms recently issued reports on AFSI.

02/04/2016 - AmTrust Financial Services, Inc. had its "outperform" rating reiterated by analysts at Keefe, Bruyette & Woods. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share. Analysts mean target price for AmTrust Financial Services, Inc. It improved, as 36 investors sold AmTrust Financial Services Inc shares while 68 reduced holdings. The average analysts gave this company a mean recommendation of 1.60. The company now has a consensus rating of "Hold" and an average target price of $25.33.

In related news, EVP Michael J. Saxon sold 9,000 shares of the company's stock in a transaction that occurred on Wednesday, February 22nd. In a transaction dated March 15, 2017, the shares were put up for sale at an average price of $21.74, raking in a sum of $108,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

To gauge your chances of picking a winning stock, take a close look at its fundamentals, especially its earnings-per-share growth. The stock was sold at an average price of $27.51, for a total transaction of $247,590.00. After this sale, 164,518 common shares of AFSI are directly owned by the insider, with total stake valued at $2,204,541. The disclosure for this sale can be found here. Similar statistics are true for the second largest owner, Invesco Ltd., which owns 4,932,091 shares of the stock are valued at $63.18 million. The Company's Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs. CrestPoint Capital Management LLC increased its stake in AmTrust Financial Services by 1.2% in the first quarter. Prudential Financial Inc. increased its position in shares of AmTrust Financial Services by 2.3% in the third quarter. The short ratio in the company's stock is documented at 3.84 and the short float is around of 13.31%. Finally, Comerica Bank bought a new position in shares of AmTrust Financial Services during the fourth quarter valued at $208,000. Oberweis Asset Management Inc sold 17,320 shares as Gigamon Inc. Nevertheless, Plug Power's assessment of its long-term prospects from its new business is extremely positive, even if the company will have to show skeptical investors the actual results before they'll be convinced.

COPYRIGHT VIOLATION NOTICE: This piece was posted by The Cerbat Gem and is owned by of The Cerbat Gem. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".