AmTrust Financial Services (NASDAQ:AFSI) declared a quarterly dividend on Tuesday, November 5th, AnalystRatings.NET reports. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.14 per share on Wednesday, January 15th. This represents a $0.56 dividend on an annualized basis and a yield of 1.51%.
AFSI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of AmTrust Financial Services from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 15th. They now have a $45.10 price target on the stock. On the ratings front, analysts at Guggenheim initiated coverage on shares of AmTrust Financial Services in a research note to investors on Wednesday, September 18th. They set a “buy” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of AmTrust Financial Services in a research note to investors on Tuesday, August 20th. They now have a $48.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.42.
Shares of AmTrust Financial Services (NASDAQ:AFSI) traded up 9.23% on Tuesday, hitting $40.47. The stock had a trading volume of 902,079 shares. AmTrust Financial Services has a 52-week low of $22.0182 and a 52-week high of $41.72. The stock’s 50-day moving average is $38. and its 200-day moving average is $34.75. The company has a market cap of $3.013 billion and a price-to-earnings ratio of 10.86.
AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.10. The company had revenue of $796.50 million for the quarter, compared to the consensus estimate of $503.19 million. During the same quarter last year, the company posted $0.75 earnings per share. AmTrust Financial Services’s revenue was up 64.7% compared to the same quarter last year. Analysts expect that AmTrust Financial Services will post $3.05 EPS for the current fiscal year.
Amtrust Financial Services, Inc is a holding company. The Company is a multinational specialty property and casualty insurer focused on generating consistent underwriting profits.
This article (AmTrust Financial Services Inc. (AFSI) Plans Quarterly Dividend of $0.14) was originally developed by and is property of American Banking News.
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