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Can AmTrust Financial (AFSI) Continue to Surge?
March 11, 2014

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One company that should be on your radar is AmTrust Financial Services, Inc. (AFSI - Free Report) . The stock of this Property and Casualty Insurance industry has seen its Zacks Rank surge over the past four weeks, moving from Buy territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For AFSI’s full year estimate, we have seen 4 estimates go higher in the past 30 days while no downward estimate revision was observed in the same time period. This trend has helped the consensus estimate to trend higher, increasing from $3.72 a share a month ago to its current level at $4.00 per share.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, AFSI has seen some pretty solid trading lately, as the company has moved higher by 18.2% in the past month.
If AmTrust Financial can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put AFSI on your watch list for the future.
Other top-ranked stocks worth considering in the same industry include Alleghany Corporation (Y - Free Report) , Navigators Group Inc. (NAVG - Free Report) and Fidelity National Financial, Inc. (FNF - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy).

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