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AmTrust Financial Services, Inc. (AFSI) underwrites and provides property and casualty insurance in the United States and internationally.
The company operates in four segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program, and Personal Lines Reinsurance.
The Small Commercial Business segment offers workers compensation, commercial package, and other commercial insurance lines to small businesses, such as restaurants, retail stores, physicians, and other professional offices through wholesale and retail agents, and brokers.
The Specialty Risk and Extended Warranty segment provides coverage for consumer and commercial goods; custom designed coverages, such as accidental damage plans and payment protection plans; and coverage for niche property, casualty, and specialty liability risks comprising general liability, employers liability, and professional and medical liability. This segment also serves as a third party administrator to offer claims handling and call center services to the consumer products and automotive industries in the United States and Canada.
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.
Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.
52-Week Trading Range: $27.90 - $55.30
Entry Point: $52.55
Stop Loss: $49.90
Target: $57.80
AFSI fell below our stop loss after a negative report from a hedge fund sent shares lower. Closed at $49.85.
