Analyst Rating Update on AmTrust Financial Services (AFSI)

AmTrust Financial Services (AFSI) : The consensus on AmTrust Financial Services (AFSI) based on 5 analyst recommendation on the company stock is 1.2, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.

AmTrust Financial Services (AFSI) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $43 and the lowest price target forecast is $33. The average forecast of all the analysts is $37.33 and the expected standard deviation is $5.13.

For the current week, the company shares have a recommendation consensus of Buy.


AmTrust Financial Services (NASDAQ:AFSI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.84 and $24.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.60, notching a gain of 3.02% for the day. The total traded volume was 1,175,827 . The stock had closed at $24.85 on the previous day.

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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