Compass Point Starts AmTrust Financial (AFSI) at Neutral

March 15, 2013 6:48 AM EDT Send to a Friend
Get Alerts AFSI Hot Sheet
Price: $52.24 +2.43%

Rating Summary:
    6 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 28 | New: 35
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Compass Point initiates coverage on AmTrust Financial (NASDAQ: AFSI) with a Neutral. PT $36.00.

The firm comments, "AFSI is an opportunistic acquirer of businesses that enhance and further reinforce the company's industry leading ROAE while generating industry leading combined ratios. The company operates in unique lines of business that are still maturing and in historical lines of business with a focus on customers that have a higher retention rate at policy renewal. In addition, the company enhances the returns for its underwriting operations by growing its homogeneous fee based business to serve its clients as well as outsourcing those services for a fee. Rising premium rates will further differentiate AFSI from its peers with regards to its loss ratio, which complements the company's already low expense ratio. We expect AFSI to continue to generate industry leading ROAE's."

For an analyst ratings summary and ratings history on AmTrust Financial click here. For more ratings news on AmTrust Financial click here.

Shares of AmTrust Financial closed at $36.02 yesterday.


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