Amtrust Financial Services (AFSI) 65.03 $AFSI
Arthur J. Gallagher (AJG) Purchases Burkwald & Associates
Richick Panty - Zacks Investment Research - Mon Oct 05, 1:25PM CDT
Arthur J. Gallagher & Co. (AJG) has acquired Burkwald & Associates, Inc. to boost its Employee Benefits Consulting business.
UIHC: 14.25 (+0.76), AFSI: 65.03 (+0.79), AJG: 42.19 (+0.06), SLF: 33.97 (+0.09)
Is AmTrust Financial an Incredible Value Stock? 3 Reasons Why AFSI Will Be Tough to Beat
Zacks Equity Research - Zacks Investment Research - Thu Oct 01, 7:46AM CDT
If you are a value investor, definitely keep AmTrust Financial (AFSI) on your short list
AFSI: 65.03 (+0.79)
XL Group Unit Acquires New Energy Risk to Boost Business
Zacks Equity Research - Zacks Investment Research - Wed Sep 30, 5:09PM CDT
XL Group plc (XL) announced that its self sponsored venture capital initiative, XL Innovate, has acquired New Energy Risk, Inc.
UIHC: 14.25 (+0.76), AFSI: 65.03 (+0.79), SLF: 33.97 (+0.09), XL: 36.61 (+0.55)
AmTrust Seeks Growth in P&C Business with Republic Buyout
Zacks Equity Research - Zacks Investment Research - Wed Sep 30, 2:55PM CDT
AmTrust Financial Services, Inc. (AFSI) has agreed to take over Republic Companies, Inc and its affiliates for about $233 million.
UIHC: 14.25 (+0.76), AFSI: 65.03 (+0.79), WFC: 52.19 (+0.16), XL: 36.61 (+0.55)
United Insurance to Buy Interboro for a Wider New York Base
Zacks Equity Research - Zacks Investment Research - Wed Sep 30, 2:50PM CDT
United Insurance Holdings Corp. (UIHC) has agreed to take over Interboro Insurance Company for $57 million.
UIHC: 14.25 (+0.76), AFSI: 65.03 (+0.79), XL: 36.61 (+0.55), HCC: 77.71 (+0.26)
A.M. Best Places Ratings of Republic Underwriters Insurance Company and Its Subsidiaries Under Review With Positive Implications
Business Wire - Wed Sep 30, 10:20AM CDT
A.M. Best has placed under review with positive implications the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of "a-" of Republic Underwriters Insurance Company (Dallas, TX) and its subsidiaries, collectively known as the Republic Group. (See below for a detailed list of companies.)
AFSI: 65.03 (+0.79)
AmTrust Financial Services, Inc. Announces Agreement to Acquire Texas Based, Property/Casualty Insurer, Republic Companies, Inc.
GlobeNewswire - Sun Sep 27, 3:00PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced that it has entered into an agreement to acquire Republic Companies, Inc and its affiliates ("Republic" from Delek Group Ltd. (TASE
LEKG), and Republic Insurance Holdings, LLC., for approximately $233 million, which is subject to purchase price adjustments. The purchase price will be a combination of $113 million in upfront cash, a $105 million note issued by AmTrust to Delek Group Ltd bearing annual interest of 5.75% with a four year maturity and cash payments to be made over five years. Pending regulatory approval, the parties anticipate closing will occur during the first half of 2016.
AFSI: 65.03 (+0.79)
AmTrust Financial Services, Inc. Announces Closing of Warranty Solutions(R), a Wells Fargo Business
GlobeNewswire - Fri Sep 25, 4:52PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust" today announced the completion of the acquisition of Warranty Solutions(R) a Wells Fargo business ("Warranty Solutions" from Wells Fargo & Company (NYSE:WFC) for approximately $158 million in cash. The transaction is expected to be immediately accretive
AFSI: 65.03 (+0.79), WFC: 52.19 (+0.16)
AmTrust Announces Underwriters' Exercise of Over-Allotment Option in Connection With Previously Closed Offering of Subordinated Notes
GlobeNewswire - Fri Sep 25, 3:45PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust" today announced that the underwriters of its recently closed public offering of 7.50% Subordinated Notes due 2055 ("2055 Notes" have exercised in part their over-allotment option with respect to an additional $10.0 million aggregate principal amount of the 2055 Notes. The closing of the sale of the over-allotment notes to the underwriters was completed today. The underwriters retain an option, expiring October 9, 2015, to purchase up to an additional $8.75 million aggregate principal amount of the 2055 Notes, excluding the amount purchased today, on the same terms and conditions.
AFSI: 65.03 (+0.79)
AmTrust Announces Closing of $125 Million in Subordinated Notes
GlobeNewswire - Wed Sep 16, 3:05PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust" today announced that it has closed its previously announced underwritten public offering of $125.0 million of its 7.50% Subordinated Notes due 2055 (the "2055 Notes". The Company has granted the underwriters a 30-day option, expiring on October 9, 2015, to purchase up to an additional $18.75 million of the 2055 Notes from the Company on the same terms and conditions.
AFSI: 65.03 (+0.79)
AmTrust's Subordinated Notes Offering Rated by A.M. Best
Zacks Equity Research - Zacks Investment Research - Mon Sep 14, 3:54PM CDT
AmTrust Financial Services, Inc.'s (AFSI) new 7.5% subordinated notes was given a "bbb-" rating by A.M. Best. The outlook for the rating is stable.
SIGI: 32.72 (+0.89), AFSI: 65.03 (+0.79), FAF: 39.98 (+0.76), NMIH: 7.60 (+0.12)
KBW Announces Index Rebalancing for Third Quarter 2015
Business Wire - Fri Sep 11, 7:59PM CDT
Keefe, Bruyette & Woods, Inc., a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for third quarter of 2015. As part of this rebalancing, below are the component level changes across various indices:
CINF: 55.25 (+0.62), SF: 43.37 (+0.62), AFSI: 65.03 (+0.79), XL: 36.61 (+0.55), HCC: 77.71 (+0.26)
A.M. Best Assigns Issue Rating to New Subordinated Notes of AmTrust Financial Services, Inc.
Business Wire - Fri Sep 11, 10:48AM CDT
A.M. Best has assigned an issue rating of "bbb-" to the $125 million 7.5% subordinated notes to be issued by AmTrust Financial Services, Inc. (AFSI) (NASDAQ:AFSI), headquartered in New York, NY. The outlook assigned is stable. The offering may be increased upon exercise of an underwriters' over-allotment option.
AFSI: 65.03 (+0.79)
AmTrust Announces Pricing of $125 Million in Subordinated Notes
GlobeNewswire - Wed Sep 09, 7:00PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust" today announced the pricing of an offering of $125 million of its 7.50% Subordinated Notes due 2055 (the "2055 Notes". The Company has granted the underwriters a 30-day option, expiring on October 9, 2015, to purchase up to an additional $18.75 million of the 2055 Notes from the Company on the same terms and conditions. The Company expects the offering to close on September 16, 2015, subject to customary closing conditions. The 2055 Notes are expected to trade on the New York Stock Exchange under the symbol "AFST." The Company intends to use a portion of the net proceeds from the offering to finance its previously announced acquisitions of Warranty Solutions and N.V. Nationale Borg-Maatschappij. Other than in connection with these acquisitions, the Company currently intends to use any remainder of the net proceeds from the offering for general corporate purposes, which includes working capital, capital expenditures and/or strategic acquisitions.
AFSI: 65.03 (+0.79), WFC: 52.19 (+0.16), MS: 32.93 (+0.57)
11.8% Return Seen to Date on SmarTrend Amtrust Financial Services Call (AFSI)
Comtex SmarTrend(R) - Thu Sep 03, 5:21PM CDT
SmarTrend identified a Downtrend for Amtrust Financial Services (NASDAQ:AFSI) on August 11th, 2015 at $65.62. In approximately 3 weeks, Amtrust Financial Services has returned 11.82% as of today's recent price of $57.86.
AFSI: 65.03 (+0.79)
The Zacks Analyst Blog Highlights: AmTrust Financial Services, FBL Financial Group, Santander Consumer USA Holdings and Selective Insurance Group
Zacks Equity Research - Zacks Investment Research - Tue Sep 01, 8:30AM CDT
The Zacks Analyst Blog Highlights: AmTrust Financial Services, FBL Financial Group, Santander Consumer USA Holdings and Selective Insurance Group
SC: 20.76 (+0.31), FFG: 61.92 (+1.64), SIGI: 32.72 (+0.89), AFSI: 65.03 (+0.79)
4 Financial Stocks to Buy Ahead of Interest Rate Hike
Zacks Equity Research - Zacks Investment Research - Mon Aug 31, 9:14AM CDT
The long wait for a rate hike will likely be over by the end of September. So now it is time for investors to make some wise decisions by investing in finance stocks as these will benefit from higher interest rates.
SC: 20.76 (+0.31), FFG: 61.92 (+1.64), SIGI: 32.72 (+0.89), AFSI: 65.03 (+0.79)
Torchmark (TMK) Sees Hindrances to Growth in the Near Term
Zacks Equity Research - Zacks Investment Research - Thu Aug 20, 2:45PM CDT
On Aug 20, we issued an update research report on Torchmark Corporation (TMK).
PRI: 48.29 (+1.45), TMK: 57.64 (+0.59), SFG: 114.69 (+0.15), AFSI: 65.03 (+0.79)
A.M. Best Assigns Ratings to AmTrust Captive Solutions Limited
Business Wire - Thu Aug 13, 10:19AM CDT
A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of "a" to AmTrust Captive Solutions Limited (ACS) (Luxembourg). The outlook assigned to both ratings is stable.
AFSI: 65.03 (+0.79)
Arthur J. Gallagher (AJG) Purchases Burkwald & Associates
Richick Panty - Zacks Investment Research - Mon Oct 05, 1:25PM CDT
Arthur J. Gallagher & Co. (AJG) has acquired Burkwald & Associates, Inc. to boost its Employee Benefits Consulting business.
UIHC: 14.25 (+0.76), AFSI: 65.03 (+0.79), AJG: 42.19 (+0.06), SLF: 33.97 (+0.09)
Is AmTrust Financial an Incredible Value Stock? 3 Reasons Why AFSI Will Be Tough to Beat
Zacks Equity Research - Zacks Investment Research - Thu Oct 01, 7:46AM CDT
If you are a value investor, definitely keep AmTrust Financial (AFSI) on your short list
AFSI: 65.03 (+0.79)
XL Group Unit Acquires New Energy Risk to Boost Business
Zacks Equity Research - Zacks Investment Research - Wed Sep 30, 5:09PM CDT
XL Group plc (XL) announced that its self sponsored venture capital initiative, XL Innovate, has acquired New Energy Risk, Inc.
UIHC: 14.25 (+0.76), AFSI: 65.03 (+0.79), SLF: 33.97 (+0.09), XL: 36.61 (+0.55)
AmTrust Seeks Growth in P&C Business with Republic Buyout
Zacks Equity Research - Zacks Investment Research - Wed Sep 30, 2:55PM CDT
AmTrust Financial Services, Inc. (AFSI) has agreed to take over Republic Companies, Inc and its affiliates for about $233 million.
UIHC: 14.25 (+0.76), AFSI: 65.03 (+0.79), WFC: 52.19 (+0.16), XL: 36.61 (+0.55)
United Insurance to Buy Interboro for a Wider New York Base
Zacks Equity Research - Zacks Investment Research - Wed Sep 30, 2:50PM CDT
United Insurance Holdings Corp. (UIHC) has agreed to take over Interboro Insurance Company for $57 million.
UIHC: 14.25 (+0.76), AFSI: 65.03 (+0.79), XL: 36.61 (+0.55), HCC: 77.71 (+0.26)
A.M. Best Places Ratings of Republic Underwriters Insurance Company and Its Subsidiaries Under Review With Positive Implications
Business Wire - Wed Sep 30, 10:20AM CDT
A.M. Best has placed under review with positive implications the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of "a-" of Republic Underwriters Insurance Company (Dallas, TX) and its subsidiaries, collectively known as the Republic Group. (See below for a detailed list of companies.)
AFSI: 65.03 (+0.79)
AmTrust Financial Services, Inc. Announces Agreement to Acquire Texas Based, Property/Casualty Insurer, Republic Companies, Inc.
GlobeNewswire - Sun Sep 27, 3:00PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced that it has entered into an agreement to acquire Republic Companies, Inc and its affiliates ("Republic" from Delek Group Ltd. (TASELEKG), and Republic Insurance Holdings, LLC., for approximately $233 million, which is subject to purchase price adjustments. The purchase price will be a combination of $113 million in upfront cash, a $105 million note issued by AmTrust to Delek Group Ltd bearing annual interest of 5.75% with a four year maturity and cash payments to be made over five years. Pending regulatory approval, the parties anticipate closing will occur during the first half of 2016. AFSI: 65.03 (+0.79)
AmTrust Financial Services, Inc. Announces Closing of Warranty Solutions(R), a Wells Fargo Business
GlobeNewswire - Fri Sep 25, 4:52PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced the completion of the acquisition of Warranty Solutions(R) a Wells Fargo business ("Warranty Solutions" from Wells Fargo & Company (NYSE:WFC) for approximately $158 million in cash. The transaction is expected to be immediately accretive AFSI: 65.03 (+0.79), WFC: 52.19 (+0.16)
AmTrust Announces Underwriters' Exercise of Over-Allotment Option in Connection With Previously Closed Offering of Subordinated Notes
GlobeNewswire - Fri Sep 25, 3:45PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced that the underwriters of its recently closed public offering of 7.50% Subordinated Notes due 2055 ("2055 Notes" have exercised in part their over-allotment option with respect to an additional $10.0 million aggregate principal amount of the 2055 Notes. The closing of the sale of the over-allotment notes to the underwriters was completed today. The underwriters retain an option, expiring October 9, 2015, to purchase up to an additional $8.75 million aggregate principal amount of the 2055 Notes, excluding the amount purchased today, on the same terms and conditions. AFSI: 65.03 (+0.79)
AmTrust Announces Closing of $125 Million in Subordinated Notes
GlobeNewswire - Wed Sep 16, 3:05PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced that it has closed its previously announced underwritten public offering of $125.0 million of its 7.50% Subordinated Notes due 2055 (the "2055 Notes". The Company has granted the underwriters a 30-day option, expiring on October 9, 2015, to purchase up to an additional $18.75 million of the 2055 Notes from the Company on the same terms and conditions. AFSI: 65.03 (+0.79)
AmTrust's Subordinated Notes Offering Rated by A.M. Best
Zacks Equity Research - Zacks Investment Research - Mon Sep 14, 3:54PM CDT
AmTrust Financial Services, Inc.'s (AFSI) new 7.5% subordinated notes was given a "bbb-" rating by A.M. Best. The outlook for the rating is stable.
SIGI: 32.72 (+0.89), AFSI: 65.03 (+0.79), FAF: 39.98 (+0.76), NMIH: 7.60 (+0.12)
KBW Announces Index Rebalancing for Third Quarter 2015
Business Wire - Fri Sep 11, 7:59PM CDT
Keefe, Bruyette & Woods, Inc., a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for third quarter of 2015. As part of this rebalancing, below are the component level changes across various indices:
CINF: 55.25 (+0.62), SF: 43.37 (+0.62), AFSI: 65.03 (+0.79), XL: 36.61 (+0.55), HCC: 77.71 (+0.26)
A.M. Best Assigns Issue Rating to New Subordinated Notes of AmTrust Financial Services, Inc.
Business Wire - Fri Sep 11, 10:48AM CDT
A.M. Best has assigned an issue rating of "bbb-" to the $125 million 7.5% subordinated notes to be issued by AmTrust Financial Services, Inc. (AFSI) (NASDAQ:AFSI), headquartered in New York, NY. The outlook assigned is stable. The offering may be increased upon exercise of an underwriters' over-allotment option.
AFSI: 65.03 (+0.79)
AmTrust Announces Pricing of $125 Million in Subordinated Notes
GlobeNewswire - Wed Sep 09, 7:00PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced the pricing of an offering of $125 million of its 7.50% Subordinated Notes due 2055 (the "2055 Notes". The Company has granted the underwriters a 30-day option, expiring on October 9, 2015, to purchase up to an additional $18.75 million of the 2055 Notes from the Company on the same terms and conditions. The Company expects the offering to close on September 16, 2015, subject to customary closing conditions. The 2055 Notes are expected to trade on the New York Stock Exchange under the symbol "AFST." The Company intends to use a portion of the net proceeds from the offering to finance its previously announced acquisitions of Warranty Solutions and N.V. Nationale Borg-Maatschappij. Other than in connection with these acquisitions, the Company currently intends to use any remainder of the net proceeds from the offering for general corporate purposes, which includes working capital, capital expenditures and/or strategic acquisitions. AFSI: 65.03 (+0.79), WFC: 52.19 (+0.16), MS: 32.93 (+0.57)
11.8% Return Seen to Date on SmarTrend Amtrust Financial Services Call (AFSI)
Comtex SmarTrend(R) - Thu Sep 03, 5:21PM CDT
SmarTrend identified a Downtrend for Amtrust Financial Services (NASDAQ:AFSI) on August 11th, 2015 at $65.62. In approximately 3 weeks, Amtrust Financial Services has returned 11.82% as of today's recent price of $57.86.
AFSI: 65.03 (+0.79)
The Zacks Analyst Blog Highlights: AmTrust Financial Services, FBL Financial Group, Santander Consumer USA Holdings and Selective Insurance Group
Zacks Equity Research - Zacks Investment Research - Tue Sep 01, 8:30AM CDT
The Zacks Analyst Blog Highlights: AmTrust Financial Services, FBL Financial Group, Santander Consumer USA Holdings and Selective Insurance Group
SC: 20.76 (+0.31), FFG: 61.92 (+1.64), SIGI: 32.72 (+0.89), AFSI: 65.03 (+0.79)
4 Financial Stocks to Buy Ahead of Interest Rate Hike
Zacks Equity Research - Zacks Investment Research - Mon Aug 31, 9:14AM CDT
The long wait for a rate hike will likely be over by the end of September. So now it is time for investors to make some wise decisions by investing in finance stocks as these will benefit from higher interest rates.
SC: 20.76 (+0.31), FFG: 61.92 (+1.64), SIGI: 32.72 (+0.89), AFSI: 65.03 (+0.79)
Torchmark (TMK) Sees Hindrances to Growth in the Near Term
Zacks Equity Research - Zacks Investment Research - Thu Aug 20, 2:45PM CDT
On Aug 20, we issued an update research report on Torchmark Corporation (TMK).
PRI: 48.29 (+1.45), TMK: 57.64 (+0.59), SFG: 114.69 (+0.15), AFSI: 65.03 (+0.79)
A.M. Best Assigns Ratings to AmTrust Captive Solutions Limited
Business Wire - Thu Aug 13, 10:19AM CDT
A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of "a" to AmTrust Captive Solutions Limited (ACS) (Luxembourg). The outlook assigned to both ratings is stable.
AFSI: 65.03 (+0.79)
