Analyst Rating Update on AmTrust Financial Services (AFSI)

AmTrust Financial Services (NASDAQ:AFSI) : 4 brokerage houses believe that AmTrust Financial Services (NASDAQ:AFSI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.2.

AmTrust Financial Services (NASDAQ:AFSI) : Currently there are 3 street experts covering AmTrust Financial Services (NASDAQ:AFSI) stock. The most bullish and bearish price target for the stock is $43 and $33 respectively for the short term. The average price target of all the analysts comes to $37.33. The estimated standard deviation from the target is $5.13.

For this week, the average consensus of the company shares are rated as a Strong Buy.

AmTrust Financial Services (NASDAQ:AFSI): stock turned positive on Tuesday. Though the stock opened at $23.92, the bulls momentum made the stock top out at $24.23 level for the day. The stock recorded a low of $23.79 and closed the trading day at $24.08, in the green by 1.73%. The total traded volume for the day was 853,238. The stock had closed at $23.67 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, GC and Secretary) of Amtrust Financial Services, Inc., Ungar Stephen had sold 3,000 shares worth of $75,300 in a transaction dated June 15, 2016. In this transaction, 3,000 shares were sold at $25.1 per share.

Amtrust Financial Services, Inc. is an insurance holding company. Through its wholly owned subsidiaries, the Company 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. The Company operates through three segments. The Small Commercial Business segment provides workers compensation and commercial package and other property and casualty insurance products. The Specialty Risk and Extended Warranty segment provides coverage for consumer and commercial goods and custom designed coverages, such as accidental damage plans and payment protection plans. The Specialty Program segment provides workers compensation, package products, general liability, commercial auto liability, excess and surplus lines programs and other specialty commercial property and casualty insurance.

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