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AmTrust Financial Services (AFSI) in Focus: Stock Moves 5.4% Higher

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AmTrust Financial Services, Inc. was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $13.98 to $14.40 in the past one-month time frame.

The move came after the company received all necessary regulatory approvals for completing the merger transaction with Evergreen Parent, L.P.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

AmTrust Financial Services currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Insurance - Property and Casualty industry may consider a better-ranked stock like Mercury General Corporation (MCY - Free Report) , which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AFSI going up? Or down? Predict to see what others think:Up or Down

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